It was the official investment agency attending the annual meeting of the Organization for Economic Co-operation and Development (OECD).
The focus of this meeting in 2023 was “Making IED contribute to sustainable and regional development”.
SAINT JOSEPH, Costa Rica, November 8, 2023 /PRNewswire/ — On this November 7 and 8th, Organizer of Foreign Trade of Costa Rica (PROCOMER) participates in the 8th meeting of Agencias de Promoción de Inversiones (IPAs), a forum of the Organization for Economic Co-operation and Development (OECD) that aims to exchange experiences and best practices in Foreign Direct Investment (FDI) ( Inversión Extranjera Directa) between different countries.
As an official agency that promotes investment in Costa Rica, PROCOMER participates in the IPA network, represented by Laura Lopez, General Manager; and Monica Drink, the institution’s investment manager.
In this 8th meeting of the IPA Network, its theme “Making FDI Contribute to Sustainable and Regional Development” fostered conversations on the current challenges and opportunities of FDI, regional development and sustainability.
“In this forum, we have high expectations of what we will be able to offer and bring together as a national agency that promotes investment, drawing on experience and sharing our success.” “PROCOMER is doing an outstanding job in attracting and diversifying new sources of investment that are now also affecting communities outside of GAM. This is a development for the whole country,” said the Minister of Foreign Trade, Manuel Tovar.
For her part, Laura Lopez, general manager of PROCOMER, added: “It is vital for the institution to participate in this forum, not only to generate exchange of experience and acquaintance with partner institutions in other countries, but also to share a new strategy for investment attraction focused on the diversification of origins, sectors and destinations to impact all regions of the country as well as the value proposition of Costa Rica for investors.
“Our value proposition for the country is robust, with sustainability as a differentiator an important theme at this 8th IPA Network Meeting. “As of the first semester of this year, FDI flows show a growth of 12%; this demonstrates the effectiveness of the country’s value proposition as well as the trust that hundreds of multinationals continue to have in Costa RicaLopez added.
During their participation in the IPA Network, Laura López and Mónica Umaña participated in discussion forums on what strategies are needed to attract FDI to the regions and improve their impact on regional development. Strengthening the local workforce, as in the case of investment in battery plants; Regional development: deep insight into the role of IPAs; as well as monitoring and evaluation of sustainable investments.
In 2016, with the support of the Comité de Inversión de la OCDE (OECD), the IPA network was created to bring together representatives of investment promotion agencies and policy makers from the OECD to benefit from this organization’s analysis, share experiences and exchange best practices.
The main objectives of the IPA Network are
To bring together a community of like-minded investment promotion professionals who are interested in engaging in discussions and sharing experiences.
To use OECD expertise to collect, build and use knowledge and analysis on investment promotion and related topics.
To engage with the wider community of policy makers and IPAs, including those from non-OECD regions and countries.
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SOURCE Promoter of foreign trade Costa Rica (PROCOMMER)