Government-Investor Network Benefits
The development community has recognized the pivotal importance of creating business-enabling environments, with massive investments in assessments and technical assistance. The creation of the FfD Tool “Government-Investor Networks” is aimed at providing a simple tool for governments that want to translate their political commitment into action, by providing them with a concrete mechanism using communication technologies that enhances their capacity to cost-effectively implement their objective of creating a business-enabling environment.
How the GIN Works
The GIN is an intranet subscription service managed by the government’s designated agency for improving the business environment. In many cases, this is the Investment Promotion Agency, with the Investor After Care function responsible for dealing with issues encountered by existing investors.
The GIN gives the government a practical tool that increases its ability to be effective in improving the business environment. Using the GIN as a cost-effective communication platform between public and private sector members, the designated government agency has increased capacity to:
1) Receive open input from existing investors and business organizations on investment issues and possible solutions;
2) Achieve effective intragovernmental coordination across the full range of government agencies that is required to improve the business-enabling environment;
3) Consult openly on draft regulations, laws, policies, and programs; and
4) Share important information between the official and private sectors.
The GIN serves as a catalytic mechanism creating a new public-private community focused on a critical deliverable: creating the business-enabling environment needed by both the government and the private sector for shared success.
As recognized at the UN World Summit on the Information Society, the GIN is the only ICT tool available to governments aimed at increasing capacity for private sector consultation and intragovernmental coordination, a critical component of business-enabling environments. The GIN has the potential for huge development impact, using the catalytic power of modern day communication technologies for advancing public-private sector collaboration and results:
The other services that have been developed for improving business environment are extensive and effective in many areas, such as technical assistance (such as the many programs of the development banks focussed on reform) and reports (such as the World Bank “Doing Business Report,” UNCTAD’s Investment Guides, UNCTAD’s Investment Policy Reviews, the U.S. State Department’s Investment Climate Statements, etc). The GIN is the only service that is focused on using intranet communication technologies to improve public-private communication, intergovernmental coordination and effectiveness, and private sector cohesiveness.
Specific GIN differences compared with other services include:
The GIN can therefore be integrated as an ICT tool into the other business-enabling services being provided by the development community.