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Slide1: 

Launching the South East Europe Investment Committee Paris, April 2, 2007

Slide2: 

The South East Europe Investment Committee: What it is and how it works Where the SEEIC fits in Investment Compact strategy Proposed Programme of work in 2007 and expected contribution from different parties

Slide3: 

The South East Europe Investment Committee: What it is and how it works

The South East European Investment Committee (SEEIC): What is it?: 

The South East European Investment Committee (SEEIC): What is it? *The proposal to monitor the investment clauses of CEFTA needs to be validated by the Joint Committee meeting of CEFTA in May 2007.

Slide5: 

SEE Investment Committee (SEEIC) Coordinating Body on Investment Issues (Deputy Minister Level) Expert Teams (SEE and international experts) Expert Teams (SEE and international experts) Expert Teams (SEE and international experts) Expert Teams (SEE and international experts) How it works: The SEEIC delivers detailed guidelines for reform through Working Groups of experts supported at the top level of government

Slide6: 

SEE Investment Committee Structure/Composition and Roles Committee Working Groups Expert teams Structure/Composition Roles Investment Compact Support SEE IC with management of content process and deliverables. Chair (SEE country) 1-2 representatives from international organisations 2-3 private sector representatives 1-2 experts from each participating country 1-2 OECD experts OECD team based in Paris and SEE. Deputy Ministers/State Secretaries and advisors from SEE. External advisors from private and other international organisations. Develop practical guidelines on how to implement reform in focus areas. Oversee development of country specific action plans based on “how to” guidelines. Define the focus areas for policy reforms at the regional level. Guide the Working Groups to ensure higher relevance and impact from their activities. Provide political support for implementation of reform and country specific action plans.

Slide7: 

The SEE IC achieves impact through SEE country participation, access to OECD expertise, donor coordination and political support Active involvement of SEE country experts in the drafting of “how to” guidelines ensures results achieved are relevant and actionable. Distill best practices from 30 OECD countries in easy to use practical format. Working Group model ensures coordination of inputs from different international and donor organisation. High level representation in SEEIC ensures political support and follow up in actions that are defined.

Slide8: 

Where the SEEIC fits in Investment Compact strategy

The SEEIC is the next natural step in a clearly defined process to achieve policy reform, investment and growth : 

The SEEIC is the next natural step in a clearly defined process to achieve policy reform, investment and growth Support in Implementation of priority reforms Annual Process to Achieve Impact OECD Good Practices Six annual Country Priorities Collaborative benchmarking of government policy The Investment Compact Investment Reform Process (IRPTM) model

The SEEIC covers all four pillars of the Investment Compact : 

The SEEIC covers all four pillars of the Investment Compact Monitoring and Evaluation process Implementation of reform Private sector involvement Political support Oversee Investment Reform Index (IRI) evaluations for 2008 and 2010. Review IRI evaluations at different intervals before final publication. Monitor implementation of investment clauses in CEFTA agreement.* Develop “how to” guidelines for key policy priorities identified in IRI evaluations. Encourage public private debate through private sector advisory role in the Working Groups. Institutionalise high level political support for policy reform to improve the business climate. *Needs to be validated by Joint Committee meeting of CEFTA in May 2007.

Slide11: 

Positioning of SEE Investment Committee relative to other organisations SEE IC RCC SEECP CEFTA OECD donor countries Country economic teams Private sector Inter- national organisations Investment Compact Secretariat Proposal to act as the Investment arm of RCC* Proposal to monitor investment clauses of CEFTA** Successor of Stability Pact operational platform for the steering of regional cooperation Focus of activities on six areas Close cooperation with SEECP Principal political forum for regional cooperation Strengthening of security, economic relations The IC will be the management and advisory body for the SEE IC The SEEIC will cooperate closely with other regional organisations *Needs to be validated by the next Regional Cooperation Council Meeting in 2007. ** Needs to be validated by the Joint Committee meeting of CEFTA in May 2007.

Slide12: 

Proposed Programme of work in 2007 and expected contribution from different parties

Slide13: 

In 2007 it is proposed that the SEE Investment Committee focus its work around 4 Working Groups The core of SEE IC output will be derived from Working Groups and Expert Teams Proposed focus for 2007

Slide14: 

Expected role of Working Groups and Expert Teams The core activity of the SEEIC will be conducted through Working Groups and their Expert Teams Expert Team

Slide15: 

Expected role of Working Groups Chairs To define the Working Group calendar, agenda and activities in close consultation with working Group experts from other countries and the Investment Compact. To ensure active participation from experts from other SEE countries. To lead the development of “how to” guidelines in selected areas of respective policy dimension, while working closely with the Investment Compact and other OECD experts. To actively consult with experts from other SEE countries in the elaboration of the “how to” guidelines. To report to the SEE Investment Committee on the progress and results achieved by the Working Group. To host at least two meetings a year of the Working Group.

Slide16: 

Calendar and Budget

SEE Investment Committee Timetable for 2007: 

SEE Investment Committee Timetable for 2007 Mar. Apr. May Jun. Jul. Aug. Sep. Nov. Oct. Dec. Official Launch of SEEIC in Paris Ministerial Meeting First meeting of Four Working Groups: SEEIC Meeting Publication of “How to” guidelines Second Working Group meetings Anti-Corruption Human Capital Investment Promotion Regulatory Reform Mar. Apr. May Jun. Jul. Aug. Sep. Nov. Oct. Dec.

Slide18: 

Flight plan over 4 years

Slide19: 

Proposed Scenario for Ministerial Meeting in 2007 “Linking Foreign Investment to local Enterprises” 1st Day afternoon: Public-Private Panel Debate between SEE Ministers and CEOs on reasons to invest in South East Europe. One to one meetings of SEE Ministers with CEOs on investment opportunities in South East Europe. 2007 South East Europe Investors of the Year Awards. Gala dinner with prominent CEO as guest speaker. 2nd Day morning Ministerial Conference: Presentation of how to design and implement guidelines on FDI – SME linkages in SEE countries. Testimony from best practice countries and companies on SME linkages and technology and management transfer. Political endorsement of the new South East Europe Investment Committee (SEEIC).

Principles of Financing of SEE Investment Committee: 

Principles of Financing of SEE Investment Committee The successful development of the SEEIC will require progressive participation from SEE countries *Reimbursement of travel and accommodation will be based on a standard lump sum contribution to cover maximum 2 participants per country. 2007 In 2007 the Investment Compact Programme will finance the 2 SEEIC meetings (travel, accommodation* and conference logistics) and the travel and accommodation for 8 Working Group meetings planned for 2007. Working Group Chairs would be expected to host 2 meetings in their country (which covers meeting room, printing, conference equipment, translation and meals). The Working Group Chairs would also be expected to assign a person to organise these meetings (send out agendas, confirm participants, etc..). 2008 Starting in 2008, it would be expected that SEE countries further increase their financial participation. The modalities of co-financing of the SEEIC by SEE countries can be decided at the second SEEIC meeting scheduled in the fall of 2007.

Slide21: 

Next steps

Slide22: 

Short Term Action Plan for the SEE Investment Committee