Dear Sir/Madam,

I would like to share with you our updated Investment Policy Framework for 
Sustainable Development, which was officially launched at the Financing 
for Development Conference in Addis Ababa.

UNCTAD's Investment Policy Framework provides guidance for policymakers in 
the evolution towards a New Generation of investment policies. The 
Framework consists of an overarching set of Core Principles for Investment 
Policymaking that serve as design criteria for three sets of operational 
guidelines or action menus: (i) guidelines for national investment 
policies, (ii) guidance for the design and use of international investment 
agreements (IIAs), and (iii) an action menu for the promotion of 
investment in sectors related to the sustainable development goals.

In the three years since its original launch, the UNCTAD Investment Policy 
Framework has served as a reference for many policymakers in formulating 
national investment policies and in negotiating investment agreements. It 
served as the basis for capacity building on investment policy, especially 
through UNCTAD’s technical assistance work (Investment Policy Reviews, 
IIA-related advisory services, capacity-building for investment 
facilitation). It acted as a point of convergence in international debates 
on investment issues, e.g. during UNCTAD's World Investment Forums, IIA 
Conferences and other intergovernmental meetings. 

New insights gained through policy debates and technical assistance 
experience, feedback received from experts, as well as new policymaking 
priorities have now accumulated to the point that an update of the 
Framework is opportune.

The update broadly includes three areas of innovation:

- First, new insights and feedback have been incorporated in both the 
national investment policy guidelines and the IIA menu of options. The 
latter also reflects ongoing efforts in the international community to 
reform international investment governance, discussed in the World 
Investment Report 2015.

- Second, developments in international investment policymaking have made 
it necessary to elaborate on the liberalization or "pre-establishment" 
component in the IIA menu of options. 

- Third, the update comes in a year in which the international community 
is defining its future sustainable development goals (SDGs), covering such 
areas as poverty reduction, food security, health, education and climate 
change. In its 2014 World Investment Report, UNCTAD presented an Action 
Plan for Investing in SDGs to support this effort. The updated Framework 
includes a new section incorporating the six sets of transformative 
measures from the Action Plan aimed at promoting investments with a 
specific sustainable development orientation. 

UNCTAD's Investment Policy Framework will continue to serve as the basis 
for technical assistance and for international investment policy 
discussions. And it will continue to represent a "living document", open 
for feedback through UNCTAD's Investment Policy Hub. 

Best regards,

James Zhan
Director, Investment and Enterprise
Team leader, World Investment Report
Palais des Nations, Geneva
Tel: +41 22 917 5797;