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Article

27 Jun 2017

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Joint African, Caribbean and Pacific Group of States (ACP) & UNCTAD

Joint ACP-UNCTAD Guiding Principles for Investment Policymaking Approved

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The Joint African, Caribbean and Pacific Group of States (ACP) - UNCTAD Guiding Principles for Investment Policymaking were approved by the ACP Committee of Ambassadors meeting in Brussels...They draw on UNCTAD's Core Principles that form an integral part of UNCTAD’s Investment Policy Framework for Sustainable Development (2015 version) and reflect ACP countries' specificities and priorities for investment policymaking.

The Joint Guiding Principles come at a time of mounting economic, social and environmental challenges, which highlight the critical role of investment in achieving the Sustainable Development Goals (SDGs)...

They consist of the following eleven principles to provide guidance for ACP investment policymakers:

"0". Investment for sustainable development...

4. Balanced rights and obligations

9. Corporate governance and responsibility