Mission: Creating Business-Enabling Environments

 

All countries signing the UN Monterrey Consensus recognized the power of business-enabling environments in delivering new jobs, economic growth, and improved living standards. Improved country business environments result in new investments by existing and new investors, more effective investment promotion efforts, and improved global competitiveness. To implement the Monterrey Consensus, the Global Government-Investor Network Service (GIN) has been created as a free Financing for Development Tool available to developing country governments and regional governmental organizations that are committed to creating business-enabling environments.

As a secure Intranet communication platform, the GIN enhances the capacity of governments to openly collaborate with the private sector in improving the business-enabling environment by enabling the open identification of critical investment impediments and possible solutions, improving intergovernmental coordination, and catalyzing solutions. The GIN can be used to:
 

  • Enhance government capacity to identify investment impediments and possible solutions, as well as success stories to advance investment promotion;
  • Enhance cost-effectiveness of Investor After Care Function (usually conducted by the government’s Investment Promotion Agency);
  • Enable cost-effective open government policy consultation with private sector on draft regulations, laws, programs, policies and other initiatives aimed at enhancing business-enabling environments; and
  • Provide distribution channel for government communication with investors on country developments, policies, and opportunities, thereby extending cost-effective government outreach and investment promotion and reducing the risk of misunderstandings and potential for financial contagion.

The GIN also includes a Problem-Tracking System and Performance Reports that strengthen the government’s ability to solve issues across ministries and agencies and mobilize senior political support. Governments may also establish a “Donor Table” so they have access to first-hand accounts of problems and possible solutions, and can harmonize their programs and funding, enabling greater aid effectiveness.