Overview
At current levels of investment, developing countries face an annual gap of USD 2.5 trillion for meeting the Sustainable Development Goals (SDG). It is therefore essential to harness the contribution of the private sector, including through foreign direct investment (FDI). At the same time, increasing the involvement of private sector investors in SDG-related sectors, many of which are sensitive or of a public service nature, also leads to policy dilemmas. The project responded to these challenges. It supports government policymakers, investment promotion officials and academia to identify, design and implement effective investment policies that aim at increasing the level of corporate investment in priority sectors and maximizing the sustainable development contribution of such investment. Project support included several deliverables such as: expert meetings, workshops and regional conferences, all with capacity building elements; training materials; advisory services; and web-based platforms, including customized UNCTAD databases, an online repository of best practices (based on the customization of UNTAD’s existing databases) and an online forum (with blogs). This evaluation systematically and objectively assessed the project design, project management and project performance with a view to developing practical and constructive recommendations that can help enhance the work of UNCTAD in this area. The evaluator used a theory-based evaluation approach to address the time-lag between project results (activities) and materializing change at the country level (impact in terms of policy change). The evaluation methodology builds on an evaluation matrix in the inception report and includes a mixed-methods approach based on triangulation, which facilitates validation of data through cross verification from more than two sources.