Transparency is often seen as a means of improving governance and accountability of investment, but its potential to do so is hindered by vague definitions and failures to focus on the needs of key local actors.
Transparency is often seen as a means of improving governance and accountability of investment, but its potential to do so is hindered by vague definitions and failures to focus on the needs of key local actors.
This briefing explains how host government agencies involved in investment processes can effectively apply FPIC to:
1. Facilitate the right kind of investments, which operate responsibly and support sustainable development
2. Increase business confidence by fostering a stable and participatory investment environment
3. Comply with international law and align approval processes with industry standards and best practices
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