Overview
This is an independent evaluation of subprogramme 2, on investment and enterprise, which is managed by the UNCTAD Division on Investment and Enterprise (DIAE). The evaluation used a theory-based approach to assess the subprogramme’s overall contribution to UNCTAD mandates against the criteria of relevance, efficiency, effectiveness, partnerships and coherence, sustainability and impact, and the mainstreaming of human rights, gender, inclusion and equity. The evaluation triangulated all findings using multiple data sources and analytical methods including document reviews, interviews, focus group discussions, archival data, anecdotal evidence and a survey of key informants.
The evaluation concluded that the work of subprogramme 2 continues to be highly relevant to UNCTAD mandates and the Sustainable Development Goals. The strategy and reporting processes of subprogramme 2 are well-aligned with the Nairobi Maafikiano, Bridgetown Covenant and the 2030 Agenda for Sustainable Development. As in prior evaluations, it is evident that subprogramme 2 is efficiently utilizing its resources. Subprogramme 2 has consistently delivered its planned deliverables, often exceeding expectations of both quantity and quality.
Subprogramme 2 has been effective in achieving its expected outcomes. Its work, including the World Investment Report and World Investment Forum, contributed to an enhanced understanding of investment trends, improved investment policies and increased foreign direct investment inflows aligned with development priorities.
The evaluation found evidence to suggest that subprogramme 2 is likely making significant contributions towards its intended impacts. For example, about 140 countries, including regional economic integration organizations, had used the subprogramme’s recommendations on international investment agreement reforms to (re)design investment policies and international investment agreement treaty clauses.