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Supporting investment climate reforms to advance sustainable growth and decent job creation in the southern Mediterranean
EU-OECD PROGRAMME ON INVESTMENT IN THE MEDITERRANEAN
Funded by the European Union
Improving the investment climate to support sustainable growth Attracting and retaining investment in the Southern Mediterranean region – and harnessing its benefits – is needed now more than ever. Mobilising private investment is not only key to spur recovery from the COVID-19 pandemic, but to support more broad-based economic growth across the region. Foreign direct investment (FDI) in particular can advance key sustainable development goals, including job creation, productivity gains, skills development and green growth. While the regions’ governments have advanced many ambitious reforms to improve the investment climate, investment remains below potential, and the benefits of FDI do not always materialise. The COVID-19 pandemic further depressed FDI inflows to the region to their lowest levels in more than a decade. Further reforms are now required to ensure that investment supports creation of quality jobs – particularly for youth and women – and brings new economic opportunities to the region.
Programme Aims The EU-OECD Programme on Investment in the Mediterranean supports investment climate reforms to advance sustainable growth and decent job creation in the region. Working together with governments and the private sector in Algeria, Egypt, Jordan, Lebanon, Libya, Morocco, The Palestinian Authority, and Tunisia, the Programme:
PROVIDES
targeted policy advice and capacity building on investment policy design and implementation
FACILITATES
public-private dialogues on investment climate reforms in priority sectors
SUPPORTS
monitoring and evaluation of reforms to gauge success
The Programme draws on the technical expertise and international tools and standards developed by OECD investment experts, and the regional network and knowledge of the MENA-OECD Competitiveness Programme. It builds on the reform momentum supported under the first EU-OECD Programme on Promoting Investment in the Mediterranean (implemented between 2016-2020).
PROMOTE
SUPPORT
policies to maximise impact of investment on specific sustainable development goals
ENHANCE
investment promotion and facilitation tools & strategies through IPA peer-learning
implementation of regulatory reforms to improve the business environment
SPECIFIC GOALS
SUPPORT
investment reforms in key sectors through public-private dialogues (PPOs)
STRENGTHEN
collection of FDI statistics for improved policy analysis
IMPROVE
monitoring mechanisms for implementation of selected reforms
Stakeholders and beneficiaries The Programme works closely with the following stakeholders and partners: government authorities responsible for investment polices (e.g. ministries of investment, trade, industry, economy, and finance), Investment Promotion Agencies (IPAs), and private sector representatives (e.g. business associations, chambers of commerce). The Programme also benefits from close cooperation with EU delegations in the region and partner international organisations, including the International Labour Organisation (ILO) and International Trade Centre (ITC).
Activities The Programme’s activities are designed to identify investment climate challenges and strategies for reform implementation across the region. Numerous complementary actions support this aim, including: peer-learning and capacity building seminars to share practices with peers in and outside the region, targeted bilateral policy advice, comparative policy analysis, and national and regional public-private dialogues.
Examples of activities l
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Tailored policy advice & capacity building to Jordan on how to strengthen the impact of FOi on productivity, labour market outcomes, gender equality & decarbonisation Regional survey of policies and institutions enabling positive impact of FDI on four sustainable development outcomes Peer-learning seminar between IPAs of the region and partner countries on advancing digital tools for investment promotion and facilitation, supported by comparative survey on digital tools and strategies National PPDs informed by issues papers and sector and stakeholder mapping to support implementation of reforms in specific sectors and economies, including agribusiness in Morocco and the digital economy in Jordan
Spotlight on: Public-private dialogues l
Sector & stakeholder mapping
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ID recent reforms
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Sector issues paper
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Preliminary private sector dialogue
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Core group of private sector reps develop sector assessments
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Publicprivate sector dialogue
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Public and private sector develop reform roadmap
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Monitor and evaluate reforms
Public-private dialogues are planned in following sectors and economies*: l
AGRIBUSINESS: Morocco
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INFRASTRUCTURE AND ENERGY: Egypt
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DIGITAL ECONOMY: Jordan
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MSMES: Palestinian Authority
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PHARMACEUTICALS: Tunisia
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OVERALL BUSINESS AND INVESTMENT CLIMATE: Algeria, Lebanon and Libya
Economy-level discussions enriched by regional dialogues on sector trends, as well as capacity building and advisory support on reform implementation *Topics correspond with EU External Investment Plan
Publications Middle East and North Africa Investment Policy Perspectives
Middle East and North Africa Investment Policy Perspectives
www.oecd.org/mena/eu-oecd-mediterraneaun-investment @OECDglobal
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