Fifth Roundtable at E15 Initiative at WEF in Geneva, Switzerland

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Geneva, Switzerland: On July 5th WAIPA Deputy CEO Ismail Ersahin participated on the Fifth Roundtable – Investment for Sustainable Development Trajectory: Facilitating Investment for Sustainable Development.

As discussion leader Ersahin underlined the vital importance of the empowerment of IPAs and the capacity building conducted by WAIPA and gave practical examples of WAIPA members facilitating sustainable investments.

“Private sector mindset is the key while offering operational facilitation services”, said Ersahin, while talking about the fact that IPAs are meant to facilitate and not just to promote. Promotion is more general, while facilitation is tailor made. Therefore, successful facilitation can be used as an excellent promotion tool for investment attraction.

The story starts with trade; however investment is much more complex for private sector. This process requires efficient and empowered IPAs. Ersahin called for an action to join forces with all international organizations to make this happen.

This workshop was the fifth within the 2016/2017 series of investment policy dialogues, jointly organized by ICTSD and the World Economic Forum, with the support of the Government of the Netherlands.
The objective of this dialogue was to use a bottom-up approach to plot a path towards simpler and sustainable investment. Building on practical examples, to explore policies for the promotion, facilitation and retention of sustainable investment through national and international frameworks in emerging and developing economies. Objectives and dimensions addressed included:

  • Regional and domestic practical examples of facilitating sustainable investment;
  • The link between trade facilitation and sustainable investment;
  • The importance of regulatory transparency and predictability, streamlined and efficient administrative processes, and international cooperation, particularly in addressing developing country challenges;
  • Legal, regulatory, procedural and institutional barriers affecting all phases of the investment from both the private sector and developing country perspective;
  • Role of sustainability characteristics in addressing investment facilitation;
  • Common understanding around investment facilitation and its benefits for sustainable development;
  • Practical mechanisms to advance the facilitation and retention of sustainable investment and how these could be supported.