Abstract:
This paper examines how the Policy Framework for Investment (PFI) may contribute to a more coherent international policy framework on investment. A detailed analysis of the PFI and its possible benefit at both national and international investment policy levels shows that putting the PFI into action helps (a) to improve the national policy environment for investment (foreign and domestic) and thus enhances economic growth and a country’s competitiveness, and (b) to ensure coherence across policy areas (national and international), a necessary precondition to achieving greater economic growth.