OECD Initiative on Investment for Development launched in Johannesburg in November 2003;
PFI developed by 60 OECD and non-OECD participants in a task force established under the aegis of the OECD Investment Committee with inputs from 8 OECD committees (horizontal);
A set principles underpinning a healthy environment for all investors (Monterrey Consensus);
Neither prescriptive nor binding, emphasises fundamental principles of rule of law, transparency, non-discrimination and the protection of property rights; One size does not fit all;
The PFI stresses good governance:
laws and regulations
design, implementation and evaluation
Contributes to implementing the OECD Strategy on Development;
Has been used in various ways: OECD Investment Policy Reviews, in regional investment programmes, for seminars and capacity building