[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-108114-en":3,"doc-seo-108114-105":30,"detail-sidebar-cat-0-en-105":91},{"code":4,"msg":5,"data":6},0,"success",{"doc_id":7,"user_id":8,"nickname":9,"user_avatar":10,"doc_module":4,"category_id":11,"category_name":12,"doc_title":13,"doc_description":14,"doc_content":15,"file_id":16,"file_url":17,"file_type":18,"file_size":19,"view_count":20,"is_deleted":4,"is_public":21,"is_downloadable":21,"audit_status":21,"page_count":22,"language":23,"language_code":24,"site_id":25,"html_lang":24,"table_of_contents":26,"faqs":27,"seo_title":13,"seo_description":14,"update_tm":28,"read_time":29},108114,1099513958607,"Jiven","https://ap-avatar.wpscdn.com/avatar/100002390cf8733938c?x-image-process=image/resize,m_fixed,w_180,h_180&k=1778829742770036399",8,"Research & Report","Planning for Success - Strategies of Investment Promotion Agencies - Technical Note","Planning for Success: Strategies of Investment Promotion Agencies is a World Bank technical note outlining how investment promotion agencies (IPAs) can design and implement effective strategies. It introduces essential elements of an IPA strategy, including vision and mission, sector focus, measurable objectives, tailored services, organizational structure, time-bound implementation plans, resources, internal tools, and a monitoring and evaluation framework. It also explains how to develop the strategy through evaluation, competitiveness assessment, drafting, stakeholder consultation, approval, and implementation readiness.","Public Disclosure Authorized Public Disclosure Authorized  \nT R A D E , I N V E S T M E N T A N D C O M P E T I T I V E N E S S  \nAuthorized  \nDisclosure  \nEQUITABLE GROWTH, FINANCE & INSTITUTIONS INSIGHT  \nPub lic Disclosure Author ized Public  \nPlanning for Success:  \nStrategies of Investment Promotion Agencies Technical Note  \nLina Sawaqed and Carlos Griffin  \n© 2023 International Bank for Reconstruction and Development / The World Bank  \n1818 H Street NW Washington DC 20433 Telephone: 202-473-1000  \n[Internet: www.worldbank.org](Internet: www.worldbank.org)  \nThis 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.  \nThe 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.  \nNothing 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.  \nRights and Permissions  \nThe 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 attribution to this work is given.  \nAny 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](pubrights@worldbank.org).  \nPhoto credits:  \nIllustration Contributor: Lightspring, Shutterstock  \nPhoto Contributor: Golden Dayz, Shutterstock  \nPhoto Contributor: Gorodenkoff, Shutterstock  \nPhoto Contributor: fizkes, Shutterstock  \nIllustration Contributor: Olivier Le Moal, Shutterstock  \nPhoto Contributor: fizkes, Shutterstock  \nPhoto Contributor: LookerStudio, Shutterstock  \n>>>  \nAbbreviations  \n\n| CRM | customer relationship management |\n| --- | --- |\n| FDI | foreign direct investment |\n| IPA | investment promotion agency |\n| KPI | key performance indicator |\n| M&E | monitoring and evaluation |\n| OECD | Organisation for Economic Co-operation and Development |\n| PPP | public-private partnership |\n| RD&I | research, development, and innovation |\n| SDG | Sustainable Development Goal |\n| SEZ | special economic zone |\n| SME | small or medium enterprise |\n| SOP | standard operating procedure |\n| UNCTAD | United Nations Conference on Trade and Development |\n| WAIPA | World Association of Investment Promotion Agencies |\n| WBG | World Bank Group |\n\n>>>  \nAcknowledgments  \nLina Sawaqed is a Private Sector Specialist with the Global Investment Climate (IC) Unit of the Equitable Growth, Finance, and Institutions (EFI) Global Practice of the World Bank.  \nCarlos Griffin is a Senior Investment Promotion Consultant with the IC Unit.  \nThe note was prepared under the guidance of Armando Heilbron, Investment Promotion Workstream Leader in the IC Unit, with the support and input of Asya Akhlaque, Practice Manager, Ivan Nimac, Global Lead for Investment Policy and Promotion and David Bridgman, Senior Advisor, all within the IC unit.  \nThe authors would like to thank World Bank peer reviewers Lukasz Marek Marc, Senior Private Sector Specialist with the Finance, Competitiveness, and Innovation (FCI) Global Practice in Europe and Central Asia, Zenaida Hernandez U","cbCaibmbh79rjqQN","https://ap.wps.com/l/cbCaibmbh79rjqQN","pdf",6692921,3,1,54,"English","en",105,"# Abbreviations\n# Acknowledgements\n# Executive summary\n# Introduction\n# Section 1. Essential Elements of an IPA Strategy\n## 1.1. Vision and Mission\n## 1.2. A Focus on Internationally Competitive Sectors\n## 1.3. Setting Strategic Objectives and Targets\n## 1.4. Strategic Actions\n## 1.5. Tailored Services\n## 1.6. Organizational Structure\n## 1.7. Time-bound Implementation Plans\n## 1.8. Resource Allocation\n## 1.9. Internal Tools and Systems\n## 1.10. Monitoring and Evaluation Framework\n# Section 2. How to Develop an IPA Strategy\n## 2.1. Prerequisites for Strategy Development\n## 2.2. Defining the Process\n## 2.3. Evaluation of Past Efforts\n## 2.4. Competitiveness Assessment\n## 2.5. Drafting the Strategic Document\n## 2.6. Consulting with Stakeholders\n## 2.7. Getting the Strategy Approved\n## 2.8. Ensuring Effective Implementation\n## 2.9. Building Staff Capacity for Implementation","[{\"question\":\"What essential elements should be included in an IPA strategy?\",\"answer\":\"An IPA strategy should cover vision and mission, internationally competitive sector focus, strategic objectives and targets, strategic actions, tailored services, organizational structure, time-bound implementation plans, resource allocation, internal tools and systems, and a monitoring and evaluation framework.\"},{\"question\":\"How does the note recommend developing an IPA strategy?\",\"answer\":\"It recommends assessing prerequisites, defining the process, evaluating past efforts, conducting a competitiveness assessment, drafting the strategic document, consulting stakeholders, obtaining approval, and ensuring effective implementation.\"},{\"question\":\"Why is monitoring and evaluation important in an IPA strategy?\",\"answer\":\"The note positions monitoring and evaluation as a core component to support accountability and track progress, 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