南部非洲发展共同体投资气候计分卡

© 2023 International Bank for Reconstruction and Development / The World Bank 1818 H Street NW Washington DC 20433 Telephone: 202-473-1000 Internet: www.worldbank.org This work is a product of the staff of The World Bank with external contributions. The findings, interpretations, and conclusions expressed in this work do not necessarily reflect the views of The World Bank, its Board of Executive Directors, or the governments they represent. The World Bank does not guarantee the accuracy, completeness, or currency of the data included in this work and does not assume responsibility for any errors, omissions, or discrepancies in the information, or liability with respect to the use of or failure to use the information, methods, processes, or conclusions set forth. The boundaries, colors, denominations, and other information shown on any map in this work do not imply any judgment on the part of The World Bank concerning the legal status of any territory or the endorsement or acceptance of such boundaries. Nothing herein shall constitute or be construed or considered to be a limitation upon or waiver of the privileges and immunities of The World Bank, all of which are specifically reserved. Rights and Permissions The material in this work is subject to copyright. Because The World Bank encourages dissemination of its knowledge, this work may be reproduced, in whole or in part, for noncommercial purposes as long as full attributionto this work is given. Any queries on rights and licenses, including subsidiary rights, should be addressed to World Bank Publications, The World Bank Group, 1818 H Street NW, Washington, DC 20433, USA; fax: 202-522-2625; e-mail: pubrights@worldbank.org. Please cite the work as follows: World Bank. 2023. SADC Investment Climate Scorecard. Washington, DC: World Bank. Cover and layout design DiegoCatto / www.diegocatto.com Contents Acknowledgements The team is grateful for the partnership of FernandoMistura and Stephen Thomsen of the OECD, whoseFDI Regulatory Restrictiveness Index provided the methodological foundation for the Scorecard. The SADC Investment Climate Scorecard report wasprepared by the World Bank in partnership with the Organization for Economic Cooperation and Development (OECD) at the request of the SADC Secretariat. The primary authors of the report were Priyanka Kher and Peter Kusek with key contributions from Eduardo Antonio Jimenez Sandoval and Ramprakash Sethuramasubbu. The report was prepared under the World Bank project Support for SADC Scorecard on FDIRegulatory Restrictiveness co-led by Ganesh Rasagam and Peter Kusek under the guidance of DouglasPearce and Asya Akhlaque. The team deeply appreciates the strategic guidanceand collaboration of the SADC Secretariat, includingSadwick Mtonakutha, Mario Lironel, Hamilton Thomas, and Lisivololona Razanajaholy. The team also appreciates key contributions from Mike Nyamazana andThierry Mutombo. The project is indebted to each SADC Member State’s focal point and independent short-term expert, who provided core technical input throughout the implementation of the project. The project was made possible through financial support of the European Commission through the African, Caribbean, and Pacific (ACP) Business Friendly and SIBE1programs. The ACP Business Friendly Program is an The team also recognizes the contributions of various World Bank Group colleagues, including SoujanyaChodavarapu, Jakob Engel, Tania Ghossein, RonaldRateiwa, Gracelin Christina Baskaran, Deo Ndikumana, Guido Rurangwa, Ivan Nimac, Aarushi Sinha, and Rachel Almeida. The team is also grateful to Madelynne Wager and Barbara Balaj for their support on designing and editing the report. intra- ACP action funded by the European Union (EU) and the Organisation of ACP States (OACPS) and implemented by the World Bank, UNIDO and ITC. The team is particularly grateful to Olivia Riera Lamiroy,Paz Velasco Velazquez, Miguel Campo Llopis, Delphine Aupicon, Escipión Oliveira, and Anthony Brand. The project was also co-financed by the World Bank’sAfrica Regional Integration department. Executive Summary including the World Bank’s recent Global InvestmentCompetitiveness Surveys, show that political stability,macroeconomic stability, the legal and regulatory environment, physical infrastructure, and export competitiveness are considered crucial determinants by foreign investors (World Bank 2018; 2020; and 2022). Research shows that improvements in the quality of a country’s legal and regulatory environment2 are associated with higher FDI inflows (Akame, Ekwelle, andNjei 2016; Buchanan, Le, and Rishi 2012; Daude andStein 2007; Gani 2007; Globerman and Shapiro 2002; Hebous, Kher, and Tran 2020; Shepherd and others2022; Vogiatzoglou 2016; Wei 2000; and Wernick, Haar, and Singh 2009). Mistura and Roulet (2019) usean augmented gravity model for 60 advanced and emerging countries and find that liberalizing FDI restrictions by about 10 percent (as measured b