18 October 2017

Meeting in the Economic Council on implementation of the Investment Policies Roadmap

On 18th October 2017, EBA attended the meeting on the degree of application of the provisions included in the Investment Policies Roadmap, organized by the Economic Council to the Prime Minister with participation of experts from IFC World Bank, representatives of other donor organization and of the business association.

Key point of the discussion was focused on the application of the investors’ grievance mechanism within a specific institutional framework in order to provide and early resolution and prevention of judicial disputes on the issues between investors and the state (institutions).

In this regard, EBA mentioned that in order to ensure a successful application of this mechanism it is recommended to place the mandate of the institution in charge under an authorities at the highest decision-making level, and to ensure the accountability on behalf of the state regarding the settlements agreed between the investor and relevant public authorities under this early dispute resolution mechanism.

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