Geneva- On September 26th, 2017 WAIPA CEO Bostjan Skalar was a panellist in the discussion on “Facilitating Investment for Sustainable Development” organized jointly by the Government of Netherlands, International Centre for Trade and Sustainable Development (ICTSD) and the World Economic Forum at the WTO Public Forum.
The talks followed the rationale that private investment is crucial for achieving the SDGs. Developing countries, in particular, need to be able to better identify and facilitate the kind of investment that will contribute to their sustainable development. The session also focused on practical examples of investment facilitation for sustainable development, as well as the broader mechanisms through which it can be achieved and on potential tools to measure the quality as opposed to the quantity of investment.
Mr. Skalar explained how developing country IPAs can be assisted in identifying sustainable investment and facilitating them. He said that “IPAs can actively take role for the promotion and facilitation of sustainable investments but capacity development, empowerment of IPAs and a sound framework are crucial.” He also pointed out the vital importance of creating more favorable conditions for sustainable FDI flows to meet the investment needs of the future. Furthermore, the WAIPA CEO emphasized that investment in the SDGs requires enhanced facilitation and underlined that “successful facilitation can be used as an excellent promotion tool for investment attraction”.