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Investment Reform Index 2010

Monitoring Policies and Institutions for Direct Investment in South-East Europe

image of Investment Reform Index 2010

Using an innovative methodology, the Investment Reform Index 2010 (IRI 2010) monitors investment-related policy reforms in the economies of South-East Europe and compares these to best practices in the OECD area. Based on inputs from governments, the private sector, independent experts and multilateral organisations active in the region, the IRI 2010 assesses policies and institutional settings in eight fields of policy critical to domestic and foreign investors. These are: investment policy and promotion; human capital development; trade policy and facilitation; access to finance; regulatory reform and parliamentary processes; infrastructure for investment; tax policy analysis; and SME policy. For the economies examined, the IRI 2010 provides an independent and rigorous assessment of investment-related policy settings and reform against international good practice, guidance for policy reform and development and an evidence base with which to facilitate prioritisation of donor activities supporting investment and growth.

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Infrastructure for Investment

Economies in South-East Europe (SEE) have considerably improved their legal frameworks on infrastructure. Recent reforms are largely in compliance with European Union (EU) standards and aim at fulfilling the acquis requirements (EBRD, 2008). However, some issues in implementation and efficient regulation need to be addressed. SEE governments recognise the weaknesses of their national regulation systems and appear ready to undertake reforms. A number of important challenges remain...

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