The World Association of Investment Promotion Agencies (WAIPA) is an international
Non-governmental organization
A non-governmental organization (NGO) or non-governmental organisation (see spelling differences) is an organization that generally is formed independent from government. They are typically nonprofit entities, and many of them are active in ...
established in 1995 by the
United Nations Conference on Trade and Development
The United Nations Conference on Trade and Development (UNCTAD) is an intergovernmental organization within the United Nations Secretariat that promotes the interests of developing countries in world trade. It was established in 1964 by the ...
that acts as a forum for
investment promotion agencies
Investment is the dedication of money to purchase of an asset to attain an increase in value over a period of time. Investment requires a sacrifice of some present asset, such as time, money, or effort.
In finance, the purpose of investing i ...
(IPA), provides networking and promotes best practice in investment promotion.
The objectives of WAIPA, as reflected in the Association’s Statutes, are to:
* Promote and develop understanding and cooperation amongst IPAs;
* Strengthen information gathering systems, promote the efficient use of information and facilitate access to data sources;
* Share country and regional experiences in attracting foreign investment and enhancing outward investments;
* Assist IPAs to advocate the promotion of policies, within their government, which are beneficial to increasing foreign direct investment and promoting economic development;
*Facilitate access to technical assistance and promote training of IPAs.
The Secretariat has been based in Geneva, Switzerland since 1995. Since 2015 its headquarters are established in Istanbul, Turkey, from where Waipa serves its 170+ members in 130 countries.
See also
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Investment promotion agency An investment promotion agency (IPA) is most often a government agency (or occasionally a non-profit organization functioning similar to a chamber of commerce or business consulting corporation) whose mission is to attract investment to a country, s ...
References
External links
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Organizations established in 1995
Organisations based in Geneva
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