Investment Policy Framework for the Southern African Development Community
In 2012, the 15 member states of the Southern African Development Community (SADC) identified the OECD's Policy Framework for Investment (PFI) as a reference for developing a investment policy framework specific to the SADC region. This framework is a key input to the SADC Regional Action Plan on Investment, and it builds on national-level analytical assessments, peer-learning, and best practices from OECD and non-OECD countries.
The SADC Investment Policy Framework (IPF) aims to facilitate regional co-ordination and exploit economies of scale in improving investment frameworks and policies across SADC member states. It also provides a mechanism for knowledge-sharing and policy dialogue around good practices.
The IPF is being developed around four thematic pillars:
lessening the costs of restrictions to foreign investment;
improving legal regimes and mechanisms to enhance investor protection;
co-ordinating effective regimes for tax incentives for investment;
facilitating long-term investments in infrastructure.
Action-oriented regional guidelines are being developed which will focus on practical steps to improve the investment climate across the SADC region. These guidelines will be accompanied by instruments to support the implementation processes, including monitoring indicators to benchmark reforms and their impact.
This meeting set the implementation priorities for the SADC Investment Policy Framework during 2015/16.
Timeline for developing the framework
1st focus meeting - Pretoria Introduction of policy pillars and member states were called on to volunteer in topic-specific expert groups.
Follow up: Diagnostic questionnaires for each policy pillar prepared by the OECD and shared with member states.
2nd focus meeting - Johannesburg Discussions focused on countries' key concerns and the technical elements required to guide responses to the questionnaires.
3rd focus meeting - Pretoria Presentation of draft analytical reports for the policy pillars on tax incentives, and infrastructure investment.
The Global Taskforce updating the PFI attended this workshop, enabling peer-learning from other regions.
4th focus meeting - Pretoria Presentation of draft analytic reports for policy pillars on FDI restrictions, and investor protection. SADC integration into global value chains, and implementation priorities for the framework were also discussed.
5th focus meeting – Johannesburg Presentation and discussion of draft regional guidelines with member states; identification of options and priorities for peer exchange and monitoring activities. Download agenda | View photos on Slideshare
6th focus meeting - Johannesburg Finalisation of the framework and regional guidelines with member states and launch of implementation phase of the project.
2015 & 2016
Peer exchange, monitoring and implementation of the framework and regional guidance.