Sustainable Investment Policy Perspectives in the Economic Community of West African States (ECOWAS)
This report serves as a baseline diagnostic to explore ways to reinvigorate the reform of the ECOWAS investment climate while also improving sustainable outcomes from investment. It also highlights areas where further collaboration between ECOWAS and the OECD could contribute to improved investment...
| Formato: | Libro electrónico |
|---|---|
| Idioma: | Inglés |
| Publicado: |
Paris :
Organization for Economic Cooperation & Development
2024.
|
| Edición: | 1st ed |
| Ver en Biblioteca Universitat Ramon Llull: | https://discovery.url.edu/permalink/34CSUC_URL/1im36ta/alma991009805110806719 |
Tabla de Contenidos:
- Intro
- Foreword
- Executive summary
- 1 Overview
- Introduction
- Recent trends in FDI in ECOWAS and estimates of its impact
- Key messages and considerations
- Designing investment frameworks and strategies to promote sustainable investment
- Assessing use and design of investment incentives
- Promoting investment for green growth
- Promoting and enabling responsible business conduct
- References
- 2 Rebalancing and aligning investment policy for sustainable development
- The international regime for investment protection is under increasing strain
- Treaty innovations at regional and continental level in Africa
- Language in the Preamble and in separate articles
- Better delineation of substantive standards of protection, affirmation of the state's right to regulate and general exclusions to seek to preserve policy space on key sustainable development-related matters
- Introduction of a broad range of investor obligations and mechanisms to address breaches
- State commitments and obligations concerning key sustainable development matters
- Alternatives and additions to the traditional ISDS mechanism
- Investment laws of the ECOWAS member states
- Sustainability language and sustainable development objectives in the most recent laws
- Incorporation of sustainable development related obligations for investors and mechanisms to sanction a breach of these obligations
- Limited sustainable development related obligations for states
- Varying approaches to the availability of arbitration
- References
- 3 Promoting sustainable investment
- Promoting and facilitating investment in ECOWAS
- The role of national investment promotion agencies
- Promoting investment at regional level
- How IPAs support the SDGs: experience from other regions
- Priority sectors and sustainability in ECOWAS.
- Indicators to prioritise and measure sustainability outcomes of FDI
- References
- 4 Assessing use and design of investment incentives
- Investment tax incentives: opportunities and challenges
- Tax incentive design in ECOWAS: insights from the OECD ITID
- Full tax exemptions are prevalent in ECOWAS Member States
- Eligibility conditions suggest a focus on large investors in key sectors
- Sector-based eligibility conditions are widely used
- Investment location and size are also key conditions
- Outcome conditions focus on export promotion and employment
- Many incentives designed to support economic and other development goals
- Incentive governance is split between Ministry of Finance and IPA
- Assessing the impact of incentives: next steps
- Notes
- 5 Promoting investment for green growth
- Green growth and climate change in West Africa
- Natural resources are critical for continued development in West Africa
- West Africa remains highly vulnerable to climate change
- FDI can improve access to clean and affordable energy in the region
- Policy framework for green growth and climate change
- International commitments to green growth and climate action
- Policy framework for environmental protection
- Policy approaches to promote green investment
- Stimulating investment in green technologies
- Building green capabilities and addressing informational barriers to green investment
- References
- 6 Promoting and enabling responsible business conduct
- Promoting RBC to drive trade, investment and sustainable development
- Relevance of RBC for ECOWAS and its Member States
- The elements of RBC
- International instruments on RBC
- Risk-based due diligence
- Promoting RBC in ECOWAS and its Member States
- Policies and initiatives relevant for RBC at the ECOWAS regional level
- Overarching policies at ECOWAS level.
- Thematic policies and initiatives at ECOWAS level
- Sectoral policies and initiatives at ECOWAS level
- Policies and initiatives relevant for RBC at the national level
- Access to remedy for business-related adverse impacts in ECOWAS
- ECOWAS stakeholders' awareness of RBC and related initiatives
- References
- Annex 6.A. RBC related frameworks and initiatives
- National frameworks related to RBC
- CSOs working on RBC related issues
- Blank Page.
