The Direction of Treasury and External Finance participated in the Regional Conference on International Investment Agreements (IIA), organized from January 12th to 15th 2015 in Casablanca by the Islamic Development Bank (IDB) together with the Secretariat of the United Nations Conference on Trade and Development (UNCTAD).
The overall objective of this conference is to deepen understanding about the (IIA). It also seeks to identify and address key issues, problems and interests, and to ensure that the sustainable development dimension (IIA) is adequately represented.
This conference brought together more than 60 experts in charge of investment from more than 30 (IDB) member countries and it focused on how investment policies can better represent the objectives of sustainable development and inclusive growth.
Initiated also by the Energy Charter Secretariat, the event dealt, inter alia, with the trends and challenges regarding the regulations of disputes between foreign investors and host countries, noting that this meeting focuses mainly on the investment policy, the (UNCTAD) framework, for Sustainable Development (IPFSD), developed in 2012.
Furthermore, and given the importance of this theme, the Islamic Corporation for the Insurance of Investments and Export Credit (ICICEC) under the (IDB) set up a specific program entitled “Technical assistance program for investment promotion (ITAP)".
It is worth noting that this is the eighth in- kind meeting to which the BID participates besides the UNCTAD Secretariat in order to inform representatives of the member countries of the latest innovations in terms of investment and disputes between host countries and investors which could result from it.