12-13 December 2006 - Brazzaville, Republic of Congo
There is no region in the world where private investment is needed more than in Africa. Domestic capital formation and international investment are drivers of development and crucial for sustaining higher living standards. There have been encouraging economic developments in many African economies since the beginning of the decade. Domestic investment has expanded robustly and high output growth maintained. In terms of international investment, inflows remain predominantly in the resources sector, concentrated in a small number of African countries and overall inflows still represent a small fraction of global international investment. In a nutshell, the challenges of achieving sustainable development in Africa and creating an enabling environment for investment in the continent’s countries go hand in hand.
Learning from the experience of African countries where progress has been made in reforming the investment environment can serve as a basis for inspiring reform efforts in other African countries, thereby contributing to regional development goals. How to make the most of such peer learning methods within the context of the African Peer Review Mechanism (APRM) process is the main thrust of this Roundtable and is one of the central elements of the joint action plan by NEPAD and OECD for implementing the NEPAD and OECD (www.oecd.org/daf/investment/africa).
The NEPAD-OECD Roundtable held in Brazzaville on 12-13 December 2006 addressed these issues using the Policy Framework for Investment (PFI - www.oecd.org/daf/investment/pfi), a new tool to assist governments to mobilise private investment, and to the development of which African countries contributed. The introductory session on the PFI included a presentation on the role of official development assistance (ODA) in promoting private investment for development (see: www.oecd.org/dac/investment), and chapters 1 and 2 of the PFI provided the basis for a stocktaking of regulatory environment obstacles to international investment in selected African countries. The third and fourth sessions explored how the PFI could be used to assist African countries to prepare a programme of action within the APRM process.
- Text of the Policy Framework for Investment [ Policy Framework for Investment / français ]
- Promoting Private Investment for Development: the Role of ODA
- Building Investment Policy Capacity: The OECD Peer Review Process
- World Bank Doing Business 2007 is available at www.doingbusiness.org
Mr Jonathan Coppel
Tel: +33 1 45 24 14 47
Mr Toru Homma
Tel: +33 1 45 24 84 48
Ms Nana Shodu
Tel: +33 1 45 24 93 88