General description In developing countries, institutions for provision of public goods for investment promotion and accessing supply chain networks are often weak or do not exist, which means that market failures are often not addressed.

An enabling environment encourages entrepreneurship, allows local companies to thrive and attracts foreign investment.

Under investment cost, the Secretary Chief Executive Officer explained that the additional resources requested were directly linked to the recommendations made in the report of Deloitte and Touche on the investment process, operations and organization of the Investment Management Service.

The on line databases and partnership brokerage facilities of the UNIDO Exchange will be expanded and further integrated in the work of the investment and technology programme and the ITPO network, as a major tool to integrate activities under different programmes and increase effectiveness and impact.

Additionally, young people highlight the need to invest in entrepreneurial activities for rural youth, e.g., by creating a fund for young rural entrepreneurs.

Anguilla's Mutual Funds Act 2004 provides for the regulation, authorization and control of mutual funds and their managers and administrators carrying on business in or from within Anguilla.

Mention was made of South East Asian treaty practice, which allowed host States to regulate appropriate forms of foreign investment.

Furthermore, it can strengthen the entrepreneurial base in the host country by providing local entrepreneurs with management skills and new experiences.

Belarus was interested in joint efforts to promote investment in high technology sectors and develop innovative entrepreneurship, metrology and standardization, and environmentally clean production.

Other activities carried out in Ethiopia included the organization of a national workshop in Addis Ababa in 2002 to discuss ways of improving governance in investment promotion, the development of a Client Charter for the Ethiopian Investment Commission in 2003 and training of the Commission's staff in customer services.

Recognizing also that developing countries have varying capacities to translate scientific and technological knowledge into goods and services and to invest in human resources and entrepreneurial capacity building,

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In industries where no domestic firms are present, policymakers should aim to attract foreign direct investment from the countries being emulated or organize programs for incubating new firms.

The Government would be following up on the implementation of the recommendations of the IPR, which related to modernizing the FDI entry regime, strengthening Board of Investment (BOI) core functions and reforming the tax regime on investment.

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Training courses on internationalization could be provided for policymakers and managers of developing country enterprises, including events that would help raise awareness of the benefits of enterprise internationalization through OFDI.

UNDP invested over 6 million in public institutions, including the provision of direct financial and technical support for the Palestinian Central Elections Commission in the organization of the presidential elections in January 2005.

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Front loaded public investment could be funded through an enhanced European Investment Bank.

Second, investment in real estate development accounts for nearly one quarter of the total.

This agency acts as a one stop shop and as the focal point for investment promotion activities.

It was also reported that UNCTAD had carried out an assessment of the investment promotion capacity of the national investment promotion agency (Agence Nationale de Développement de l'Investissement).

Rather than securing investment for productive sectors of the economy, the financial industry has become adept at securing investment in itself.

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