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World Association of Investment Promotion Agencies
 

World Association of Investment Promotion AgenciesWAIPA

 

The World Association of Investment Promotion Agencies (WAIPA)was established in 1995 and is registered as a non-governmental organization (NGO) in Geneva, Switzerland. In 2008, the Association had 228 member agencies from 156 countries and nowadays the Association has 249 members agencies from 157 countries.
WAIPA acts as a forum for investment promotion agencies (IPAs) to provide networking opportunities and facilitate the exchange of best practices in capacity-building and investment promotion. Membership is open to all agencies whose prime function is to promote any country or territory for investment.

WAIPA aims to improve cooperation amongst IPAs on a regional and global basis and facilitate the exchange of experiences in attracting FDI. The objectives of WAIPA, as reflected in its statutes, are to:

·          Promote and develop understanding and cooperation amongst IPAs;

·          Strengthen information gathering systems and information exchange amongst IPAs;

·          Share country and regional experiences in attracting investment;

·          Help IPAs gain access to technical assistance and training through WAIPA sponsored events or by way of referrals to relevant international or multilateral agencies;

·          Assist IPAs in advising their respective governments on the formulation of appropriate investment promotion policies and strategies.

WAIPA's Consultative Committee consists of several international governmental and non-governmental organizations.

·          Foreign Investment Advisory Services (FIAS) of the World Bank Group;

·          Internation Economic Development Council (IEDC);

·          Organisation for Economic Co-operation and Development (OECD);

·          ProInvest;

·          United Nations Conference on Trade and Development (UNCTAD); and

·          United Nations Industrial Development Organization (UNIDO).

Membership of WAIPA involves the payment of an annual fee. Members benefit from three types of services: Publications, Training and Networking.


 
 
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