The investment policy review (IPR) programme offers to developing countries recommendations to improve policies and strategies for attracting higher levels of FDI and deriving greater benefits from it.
The country-specific IPR process involves:
the review of the policy, regulatory and institutional environment for investment
the identification of strategic investment priorities in line with the national development objectives
a set of concrete and action-driven recommendations.
The process is complemented by follow-up activities to support the implementation of the recommendations and assess their degree of integration into the country's reform agenda.
UNCTAD has undertaken IPRs in 40 countries since 1999. The implementation of IPR recommendations has led to significant improvements in their business climate. As demonstrated by the World Bank's Doing Business Indicators, seven of the top 10 reformers between 2005 and 2012 were IPR countries.
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Investment advisory series on best practices in investment policies aim at increasing the capacity of policy makers to devise policies.