Even as countries compete to attract investments, 80 percent of national investment promotion agencies are failing to respond to investor inquiries in the key sectors of agribusiness and tourism, according to the World Bank Group's Global Investment Promotion Best Practices 2012 report.
The report assessing 189 economies' responsiveness to investors finds that investment promotion agencies are less responsive to direct investor inquiries than they were three years ago. It shows that limited resources need not be an obstacle to effectiveness.
The report was produced by the Investment Climate Department of the World Bank Group, which includes IFC, MIGA, and the World Bank. It was sponsored by the government of Spain and ProInvest, a European Commission partnership program for the countries of Africa, the Caribbean, and the Pacific.
Access and download the full report at http://www.globalinvestmentpromotion.com/.
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