G8 Deauville, G8/Africa Joint Declaration Shared Values, Shared Responsibilities, 26-27 May 2011

Sectors : Investment
Organisation : G8
Date made: 
2011
Level: 
Heads Of State
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Commitments in: Private Sector development and financial services for the poor - Investment

“14. Beyond traditional official development assistance (ODA), African countries need to attract additional domestic and foreign direct investment to finance economic growth, while preserving debt sustainability. Mutual efforts to improve the regulatory framework and the business environment, and to fight corruption, need to be strengthened. To this end, we will establish a dialogue within the APF, involving business, to increase momentum and help remove obstacles to business environment reform. We encourage responsible investment by all stakeholders and call on companies to improve their corporate and social responsibility.”

Scope: 
Africa