Best practices in business integrity support provided by investment promotion agencies

U4 Helpdesk Answer

Best practices in business integrity support provided by investment promotion agencies

Investment promotion agencies can push for integrity and anti-corruption efforts through training, advisory and facilitation services, and access to information about the business environment and legal framework. They can establish grievance mechanisms, cooperate with law enforcement and set up participatory accountability mechanisms in the agencies themselves. These agencies can play an important role in counteracting the negative impact of corruption on foreign investment.

29 November 2018

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Main points

Investment creates special corruption risks for countries which may endanger the quantity and quality of investment
Investment promotion agencies can take various measures to increase business integrity and mitigate corruption risks.
Investment facilitation services are among the most valued services IPAs can offer to investors, and can reduce potential opportunities for rent-seeking.
There are a number of international organisations that offer integrity advice and assistance to IPAs.

By

Iñaki Albisu Ardigo

Reviewed by

Matthew JenkinsResearch and Knowledge Manager

Fredrik Eriksson

In collaboration with

Transparency International

Topics

Private sector

Cite this publication

Ardigo, I. (2018) Best practices in business integrity support provided by investment promotion agencies. Bergen: U4 Anti-Corruption Resource Centre, Chr. Michelsen Institute (U4 Helpdesk Answer 2018:16)

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Iñaki Albisu Ardigo

Disclaimer

All views in this text are the author(s)’, and may differ from the U4 partner agencies’ policies.

This work is licenced under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International licence (CC BY-NC-ND 4.0)

Keywords

private sector

U4 Helpdesk Answer