The
Investment Climate Initiative, launched
in December 2003 in conjunction with
the new Private Sector Development
Strategy and in response to the Competitiveness
Strategy, aims at assisting concerned
governments to improve the conditions
that allow private sector investments
to thrive.
In the context of macroeconomic stability, a healthy investment climate provides
for:
A
sound legal and regulatory framework
that promotes competition
Strong
enforcement of corporate governance
principles
Control
over burocratic inefficiencies
Improved
access to financial and infrastructure
services
The
Inter-American Development Bank has been active
in the area of Investment Climate improvements
throughout the Latin American and Caribbean
region for over 15 years. Nonetheless, historically
low economic growth rates, pervasive poverty, and
declining investment rates throughout the Region
warrant a renewal of the Bank's efforts to focus
on the factors that promote private sector development
as a primary engine for growth.
Private
Enterprise and Financial Markets Subdepartment
Sustainable
Development Department - Inter-American Development Bank
