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Friday, October 16, 2009 - 5.10 GMT |
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BOI best in South Asia - World Bank/IFC |
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The
World
Bank’s
Investment
Climate
Advisory
Service
has
ranked
Board of
Investment
of Sri
Lanka as
the best
in South
Asia for
investor
promotion
and
facilitation.
In the
latest
issue of
Global
Investment
Promotion
Benchmarking
2009,
the BOI
has been
described
as the
only
“Good”
performing
Investment
Promotion
Intermediary
(IPI) in
South
Asia.
BOI
having
received
a score
of 64
out of
100 has
shown a
remarkable
progress
out of
181
countries
surveyed
for the
report.
Middle-income
countries
are
showing
immense
progress
in
competing
for
mobile
investment,
particularly
Brazil,
Botswana,
Colombia,
Lithuania
and
Turkey.
Lower-income
countries
like
Honduras
and Sri
Lanka,
which
offer
strong
facilitation
services,
are
evidence
that a
country’s
income
is not
linked
to
performance.
The WB-IFC
ranking
is a
testimony
to the
various
improvements
made in
recent
years
for
expeditious
and
courteous
investor
facilitation,
said the
BOI
Chairman
and
Director
General
Dhammika
Perera .
Including
the
projected
figure
for this
year,
the BOI
has
succeeded
in
attracting
US$ 2.8
billion
in
Foreign
Direct
Investment
since
2006 as
opposed
to US$
2.7
billion
only
between
1997 and
2005.
The
report,
Global
Investment
Promotion
Benchmarking
2009,
surveys
the
performance
of
national
and
sub-national
IPIs in
181
countries,
presenting
one of
the most
comprehensive
benchmarking
tools
ever.
It also
gives
powerful
insights
into
partnership
opportunities
that
investors
may not
have
considered.
The
report
assesses
the
effectiveness
of
intermediaries’
facilitation
services
in
assisting
a
potential
foreign
investor.
The
report
finds
that
over 70%
of
intermediaries
may be
missing
foreign
investment
and
job-creating
opportunities
by
failing
to
provide
accurate
and
timely
information
to
potential
investors.
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