May 11, 2009—Over 70 percent of government investment-promotion intermediaries miss out on investment and job-creating opportunities by failing to provide accurate and timely information to potential investors, according to a new report by IFC, MIGA, and the World Bank.
Global Investment Promotion Benchmarking 2009 shows how effectively government agencies are promoting their countries to foreign investors.
The report examines the ability of 181 countries to influence foreign investors' site-selection process. It assesses the response of these agencies to two potential projects—a software developer and a beverage-manufacturing company seeking to expand operations in each country. According to the report, only 10 out of 181 countries followed up with potential investors to secure projects.
The report is available online at: http://www.ifc.org/ifcext/fias.nsf/Content/GIPB2009.
For more information contact:
Nadine Ghannam
Phone: 1 (202) 473-3011
E-mail: nsghannam@ifc.org
