WAIPA, EIF and IsDB announce the launch of a new program to enhance investment promotion capabilities in francophone least developed countries (LDCs) in collaboration with OCO Global
The World Association of Investment Promotion Agencies (WAIPA), the Enhanced Integrated Framework (EIF) and the Islamic Development Bank (IsDB) have decided to join efforts to launch a new program to enhance investment promotion capacities and capabilities of francophone least developed countries (LDCs), which started its operations with a kick-off meeting virtually on 1 June 2022. This new program follows the success of a similar training program by EIF and WAIPA on capacity building for EIF Countries on investment promotion.
OCO Global has been commissioned to deliver this program scheduled to be completed in mid-2023, with the core objectives of improving the capacities and skills of selected participating organizations including Investment Promotion Agencies (IPAs), National Implementation Units (NIUs), and other government officials in francophone LDCs. The program will focus on what IPAs can improve to attract and facilitate sustainable investments as well as improve the business climate and leverage additional resource to meet the sustainable development goals (SDGs) targets. It will also encourage and facilitate dialogue and cooperation with the relevant ministries and other local stakeholders as well as with relevant international organizations for investment promotion in the francophone countries and regions. The program will involve training workshops and roundtable discussions, case studies and also testimonials from foreign investors and how they see the role of IPAs to better address their needs.
The impact on global investment trends and inflows into LDCs will also be taken into account, and related challenges and opportunities will be identified and addressed.
The program will be delivered in a hybrid format, with part of the training delivered via video conference, and part in-person to ensure that all participants can be brought together for masterclass sessions. Certificates will also be awarded to participants who will demonstrate the acquisition of the new skills and qualities taught in investment attraction and promotion.
The Enhanced Integrated Framework (EIF) is the only multilateral partnership dedicated exclusively to assisting least developed countries (LDCs) in their use of trade as an engine for growth, sustainable development and poverty reduction. The EIF partnership of 51 countries, 24 donors and 8 partner agencies works closely with governments, development organizations, civil society and academia. Together we leverage our collective know-how, reach and reputation to tackle the world’s most pressing trade-for-development issues.
For more information, visit www.enhancedif.org
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For media inquiries about EIF, please contact:
Marie-France Boucher – Communications Officer
Rated AAA by the major rating agencies, the Islamic Development Bank is a multilateral development bank that has been working for over 45 years to improve the lives of the communities it serves by delivering impact at scale. The Bank brings together 57-Member Countries across four continents, touching the lives of 1 in 5 of the world population. Its mission is to equip people to drive their own economic and social progress at scale, putting the infrastructure in place enabling them to fulfil their potential. Headquartered in Jeddah, Kingdom of Saudi Arabia, IsDB has regional hubs and centers of excellence in 11 of its Member Countries. Over the years, the Bank has evolved from a single entity into a group comprising five entities: Islamic Development Bank (IsDB), the Islamic Development Bank Institute (IsDBI) tasked with research and training, the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), the Islamic Corporation for the Development of the Private Sector (ICD), and the International Islamic Trade Finance Corporation (ITFC).
For more information: https://www.isdb.org/who-we-are/about-isdb
The World Association of Investment Promotion Agencies (WAIPA) is an international nongovernmental organization established in 1995 under the auspices of the United Nations Conference on Trade and Development (UNCTAD) that acts as a forum to promote and develop understanding amongst investment promotion agencies (IPAs), providing them with technical assistance and capacity building, and encouraging networking and exchange of best practices in investment promotion.
About OCO Global:
Established in 2001, OCO Global is recognized as a worldwide leader in Foreign Direct Investment Attraction consulting firm, providing a complete range of services from consultancy to lead generation and software solutions, and delivering tailored training on FDI best practices for economic development organisations.
For further information please contact:
Andreas Hora, Coordinator – [email protected]