1. Course Overview

This program equips policymakers, investment‑promotion agencies, financial‑sector regulators, and development practitioners with the tools to design, evaluate, and implement investment policies that mobilize private capital, strengthen financial systems, and support sustainable development.

The course aligns with the World Bank Investment Policy and Promotion (IPP) Framework, IFC investment climate diagnostics, and global best practices for public–private investment, long‑term finance, and capital‑market development.

2. Learning Objectives

Participants will be able to:

• Understand the role of investment and investment finance in economic development.

• Diagnose investment climate constraints using World Bank tools.

• Evaluate policies that influence domestic and foreign investment flows.

• Analyze financial‑sector instruments that support long‑term investment.

• Design investment‑friendly regulatory and institutional frameworks.

• Mobilize private capital for infrastructure and productive sectors.

• Strengthen investment‑promotion strategies and investor‑aftercare systems.

• Prepare investment‑policy briefs aligned with World Bank standards.

3. Target Audience

• Ministries of Finance, Trade, and Economic Development

• Investment Promotion Agencies (IPAs)

• Central banks and financial regulators

• Public–private partnership (PPP) units

• Development banks and capital‑market authorities

• World Bank–funded project teams

• Private‑sector development specialists

• Researchers and consultants in investment policy

4. Detailed Course Outline

Module 1: Foundations of Investment & Investment Finance

• Role of investment in economic growth and structural transformation

• Types of investment: public, private, domestic, foreign, portfolio, long‑term

• World Bank and IFC frameworks for investment climate assessment

• Global investment trends and regional patterns

• Case studies from emerging and developing economies

Module 2: Investment Climate Diagnostics

• Barriers to investment: regulatory, institutional, financial, and infrastructure

• World Bank tools:

  • Investment Climate Assessment (ICA)

  • Country Private Sector Diagnostic (CPSD)

  • Doing Business indicators (legacy)

• Competition policy and market contestability

• Designing investment climate reform programs

Module 3: Foreign Direct Investment (FDI) Policy & Promotion

• Determinants of FDI inflows

• FDI attraction vs. retention vs. expansion

• Investment promotion strategies and investor targeting

• Investor aftercare and grievance‑redress mechanisms

• Special Economic Zones (SEZs) and industrial parks

Module 4: Domestic Investment & Private Sector Development

• Constraints to domestic private investment

• Business environment reforms

• Access to finance for SMEs and large firms

• Role of development banks and credit‑guarantee schemes

• Strengthening entrepreneurship ecosystems

Module 5: Investment Finance & Long‑Term Financing Instruments

• Bank‑based vs. market‑based financing

• Capital markets: bonds, equities, securitization

• Infrastructure finance and project finance

• Blended finance and risk‑sharing instruments

• Role of pension funds, insurance, and institutional investors

Module 6: Public Investment Management (PIM)

• Public investment planning and appraisal

• Project selection, budgeting, and execution

• Managing fiscal risks from public investment

• World Bank PIM diagnostic tools

• Ensuring value for money in public investment

Module 7: Public–Private Partnerships (PPPs) & Private Capital Mobilization

• PPP models and risk allocation

• Financial structuring of PPP projects

• Government support instruments (guarantees, viability gap funding)

• Mobilizing private capital for infrastructure

• PPP governance and regulatory frameworks

Module 8: Investment Regulation, Governance & Institutional Frameworks

• Legal frameworks for investment

• Investor protection and dispute resolution

• Transparency, predictability, and regulatory quality

• Anti‑corruption and governance reforms

• Institutional coordination for investment policy

Module 9: Sustainable, Green & Inclusive Investment

• ESG standards and responsible investment

• Climate‑smart investment policies

• Green finance instruments (green bonds, sustainability‑linked loans)

• Gender‑responsive investment policies

• Social and environmental safeguards

Module 10: Practical Exercises & Capstone Project

• Conducting an investment climate diagnostic

• Designing an investment‑promotion strategy

• Structuring a blended‑finance or PPP project

• Preparing an investment‑policy reform plan

• Capstone: Develop a National Investment Policy Framework for a simulated country

5. Training Methodology

• Expert‑led lectures and guided discussions

• Hands‑on diagnostics using World Bank investment tools

• Case studies from IFC, World Bank, and global investment programs

• Group work and scenario‑based simulations

• Practical sessions on investment finance, PPPs, and capital‑market instruments

• Capstone project with peer and instructor feedback

6. Deliverables & Outputs

Participants will receive:

• An Investment Policy & Finance Toolkit (frameworks, templates, datasets)

• Investment climate diagnostic tools

• PPP and blended‑finance structuring templates

• Capstone project report and presentation