The Organisation for Economic Co-operation and Development (OECD)
and Peru's state-run Private Investment Promotion Agency (ProInversion)
organized in Lima the international workshop "Investment and Sustainable Development Promotion in Latin America: Better Practices and the Way Forward."
The event was intended to boost discussion over the policy options for promoting, attracting, and facilitating quality investment in Latin America and the Caribbean (LAC), as well as the corresponding role of Investment Promotion Agencies (IPA).
Speakers and participants included IPA managers and experts, government representatives of investment and development sectors, members of international organizations, business representatives, and more.
Participants benefited from an exchange of perspectives and had productive discussions on different issues and questions.
One of IPAs' main mandates is to promote and attract sustainable foreign direct investment (FDI). To that end, they assist companies and projects that may generate positive socio-economic results.
Investment facilitation and retention (including aftercare and policy advocacy) is one of the agencies' principal functions, through which IPAs can offer value-added services to investors, thus reducing costs and the time spent on administrative procedures.
Additionally, it hosted the LAC Investment Conference in 2015, which served as a regional consultation platform to update the investment policy framework.