Investment Policy

completed

The project is focused on: (1) improving legal and regulatory framework, (2) improving administrative processes through simplification of procedures and establishment of supporting mechanisms, and (3) rationalization of investment incentives. The project will work with the Ministry of National Planning and Economic Development to: i) combine the Foreign Investment Law and the Citizen Investment Law into a new Investment Law; ii) revise screening and approval procedures (entry); iii) assess investment protection gaps and review incentives granting policies and procedures.; and iv) support implementation of reforms. Following the completion of the new Investment Law the project will focus on implementing a concrete set of activities to promote investments in diversified sectors. Broadly, this will entail reforming the regulatory framework and implementing new procedures for: 1) promoting sector-specific investment entry, 2) strengthening investor protection guarantees; and 3) redesigning and implementing new incentives policies. The project will support stakeholder consultation during the preparation of the new Investment Law as well as during the preparation of implementing regulations.