Earlier this month, the OECD hosted a day-long workshop in Paris entitled “Making Investment Work for the Sustainable Development Goals,” on the implementation of the Policy Framework for Investment (PFI). The OECD published a 2015 revision of this document, which was originally drafted in 2006, in response to a call for the importance of investment in the context of the Sustainable Development Goals (SDGs).
The many business and government voices on the various panels of the PFI workshop included comments by Ambassador Lisa Kubiske, U.S. Deputy Assistant Secretary of State for International Finance and Development, who spoke on coping with the challenges of implementation through partnerships, including collaboration between private and government actors, which is vital for the successful implementation of the PFI.
Representing U.S. business at the session as part of the Business and Industry Advisory Committee (BIAC) to the OECD, I spoke on the importance of retaining a focus on core investment issues. USCIB agrees that investment is essential to realize the SDGs. Indeed domestic and international investment are vital for global economic growth and development. Investment, however, must be seen as more than the mere means to the end of the SDGs. To be able to fulfill its role as the creator of economic growth and development, we cannot forget what is required in order for investment to flourish.