Last Updated:
19 Oct 2021

Investment Climate

Brief Author: Christine Qiang

For the past three decades, the private sector has been at the forefront of leading economic growth and poverty reduction around the world. Integration with global markets and enhanced private sector competitiveness has contributed to the unprecedented growth of many economies, such as China, Vietnam and Costa Rica. Nevertheless, a large number of developing countries – particularly poor and conflict-affected states – have yet to fully harness their economic potential. Recognizing the need for technical assistance, governments have been turning to the WBG’s Investment Climate practice for advice on policies to enable and link foreign and domestic private initiatives with the dynamism generated by cross-border trade and investment patterns.