The OECD’s Development Assistance Committee (DAC) is the premier international body where major foreign donors discuss development policy issues and coordinate their assistance programs. The DAC just released its 2016 Annual Report “The Sustainable Development Goals as Business Opportunities,” with a special focus on the key role the private sector and foreign direct investment (FDI) can play in economic development of poorer nations. The DAC report was unveiled last Month in New York during the United Nations’ High-Level Political Forum, where USCIB member companies and the International Chamber of Commerce played a lead role in highlighting the efforts business is making to support the UN Sustainable Development goals (SDGs).
Shaun Donnelly, USCIB’s vice president for investment and financial services, was one of the outside commentators representing a wide range of views invited to offer opinion pieces sprinkled throughout the DAC report. Donnelly’s piece, “Pro-Investment Policies Really Matter,” argues that foreign direct investment can be a major contributor to economic development only if the recipient countries have the right pro-investment policies and a strong rule-of-law culture.
Read Donnelly’s Pro-Investment Policies Really Matter
Read the OECD DAC Report: The Sustainable Development Goals as Business Opportunities