OECD Policy Framework for Investment
The OECD Policy Framework for Investment (PFI) looks at 12 different policy areas affecting investment: investment policy, investment promotion and facilitation, competition, trade, taxation, corporate governance, finance, infrastructure, developing human resources, policies to promote responsible business conduct and investment in support of green growth, and lastly broader issues of public governance. These policy areas are widely recognized, including in the Monterrey Consensus, as underpinning a healthy environment for all investors, from small- and medium-sized firms to multinational enterprises.
The PFI is neither prescriptive nor binding. It emphasizes the fundamental principles of rule of law, transparency, non-discrimination, and the protection of property rights, but leaves for the country concerned the choice of policies, based on its economic circumstances and institutional capabilities. It helps governments to design and implement policy reforms to create a truly attractive, robust, and competitive environment for domestic and foreign investment.