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Public Consultation on Updating the Policy Framework for Investment: Submission by the International Institute for Sustainable Development

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Public Consultation on Updating the Policy Framework for Investment: Submission by the International Institute for Sustainable Development

The Organisation for Economic Co-operation and Development (OECD) is updating its Policy Framework for Investment (PFI) to reflect new global economic fundamentals and to incorporate feedback from the international investment policy community.

As part of this process, the OECD invited public comment on the revised chapters, with a view to informing revisions of the updated text. IISD’s Investment for Sustainable Development Program submitted its contribution to the OECD consultation, commenting on the following draft chapters of the revised PFI: Investment policy (including Horizontal policies and practices), Responsible business conduct, and Investment framework for green growth. The submission is in line with the Investment Program’s global lead in calling for the reform of international investment frameworks, contracts and the arbitration of investment disputes, in an effort to ensure that investment genuinely advances sustainable development.