Geneva, February 22nd: WAIPA CEO Bostjan Skalar participated in the Third Round-table on Investment for Sustainable Development. This workshop is the third dialogue in the 2016/2017 series of investment policy dialogues, following from the E15 Initiative, jointly organized by the International Centre for Trade and Sustainable Development (ICTSD) and the World Economic Forum (WEF), with the support of the Government of the Netherlands.
In the session “Sustainable Investment for Sustainable Development – Stakeholder Perspectives” the panelists mapped the landscape of existing sustainability criteria (OECD, ILO etc.). They aimed to clarify how today’s discussions aim to complement or build upon them.
Skalar explained how international organizations and NGOs can better coordinate their efforts in promoting sustainable investments. Currently every organization has its own projects, own guidelines and own priorities. If resources would be effectively bundled there would be an increased cumulative impact to change the current paradigm. Skalar added that the role of investment promotion agencies should not be overlooked in this respect, as they play a crucial intermediate role between investors and governments. WAIPA, as the only global association of IPAs looks forward to joining forces and contributing to better cooperation and coordination.
Skalar also participated in the second panel “Sustainability Characteristics of FDI – Regional Perspectives”, during which he stressed the importance of regional cooperation among IPA’s.
More information and a photo gallery can be found on the E15 website