NGOs respond to OECD Policy Framework

The OECDs Policy Framework for Investment (PFI) provides a non-prescriptive checklist of issues for consideration by governments engaged in attracting foreign investors.

OECD claims that the PFI has been developed “in cooperation with civil society”. In a letter written by SOMO and signed by 55 organisations and 10 individuals, NGOs disagree with this claim and refute the OECD that the current draft PFI offers a balanced contribution that “enhances the benefits of investment to society”.

Despite the deficiency of the consultation procedure, the NGOs offer some comments on how to improve the PFI.