Sustainable Investment Policy Perspectives in the Economic Community of West African
States (ECOWAS)
The Economic Community of Western African States (ECOWAS) offers a large and diverse
market of over 400 million people and natural resource wealth, and yet it is not currently
living up to its potential as a destination for international investment. Inflows
of foreign direct investment (FDI) in the region have been declining over time, and
have not always delivered on promoting sustainable development. This report serves
as a baseline diagnostic to explore ways to reinvigorate the reform of the ECOWAS
investment climate while also improving sustainable outcomes from investment. It also
highlights areas where further collaboration between ECOWAS and the OECD could contribute
to improved investment climates throughout the region. Building upon the OECD Policy
Framework for Investment and the FDI Qualities Policy Toolkit, the report covers the
national regulatory framework encapsulated in national investment laws and how this
compares with initiatives at a regional level, investment promotion and facilitation,
investment incentives, investment for green growth and responsible business conduct.
Available from January 24, 2024Also available in: French