Foreign direct investment can play a critical role in helping countries to achieve SDG 8 on decent work and inclusive economic growth. The ILO and the World Association of Investment Promotion Agencies (WAIPA) surveyed IPAs to find out how they integrate SDG 8 in their promotional activities and services; and what types of support IPAs need to accelerate progress in attaining this goal.
This report provides details of the current characteristics of national Investment Promotion Agencies (IPAs) around the world, based on a joint global survey conducted by the World Bank Group (WBG) and the World Association of Investment Promotion Agencies (WAIPA). Following the novel WBG framework for investment promotion, the report delivers empirical insights about IPAs’ strategies, institutional set-up and investor service offerings, as well as the challenges they face and the reforms they would like their governments implement. Its addendum focuses on IPAs’ perception and their responses to mitigate the impact of the COVID-19 pandemic.