Synthesis documents

Rough Guide to Investment Climate Reform in Conflict-Affected Countries, IFC, 2009

    Description
    The report examines what influence reforms to the investment climate can have on countries affected by conflict. In addition, the ways in which conflict affects the desired nature, goals and sequencing of reforms is explored.

    The report calls for conflict sensitivity and "do no harm" principles to be respected; knowledge of the triggers of conflict, including the distribution of political and economic power, is an essential part of any reform strategy. There is no universal blueprint for reform in conflict-affected countries.

    The report affirms that security preparedness and staff well-being should be among the first considerations when planning a reform project. This can be done in part by managing expectations in the target country. Timeframes are longer and costs higher in conflict-affected countries, and projects should build in extra time and budgets accordingly.

    Relationships take precedence over implementation arrangements; the latter can change easier than the former. Women are often a silent but powerful stakeholder group for investment climate reform. Including unconventional stakeholders in reform can pre-empt attempts to spoil change.

    Given the importance of baselines in assessing project progress, data collection should begin immediately after conflict ends; often many agencies are conducting surveys, and their data could be used or include questions relevant to intended reform. While the scale of destruction may sometimes make it difficult to measure impact, efforts should be made to measure how investment climate reform contributes to peace.


     
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