The Investment Climate Reform (ICR) Facility supports public and private stakeholders in African, Caribbean and Pacific (ACP) countries to improve their investment climate and business environment.
By doing this, the ICR Facility contributes to creating a more conducive, sustainable and inclusive business environment in ACP countries, for local and international businesses to increase their investments related to the Sustainable Development Goals. This generates more decent jobs and contributes to improving livelihoods in ACP countries.
The ICR Facility is co-funded by the European Union (EU), the Organisation of African, Caribbean and Pacific States (OACPS) under the 11th European Development Fund (EDF), together with the German Federal Ministry for Economic Cooperation and Development (BMZ) and the British Council.
It is implemented by Deutsche Gesellschaft für Internationale Zusammenarbeit GmbH (GIZ), the British Council, Expertise France, and Stichting Nederlandse Ontwikkelingsorganisatie (Netherlands Development Organisation, SNV).
The Facility implements the third pillar of the European Union's External Investment Plan ("Improving the Investment Climate"). It operates in three areas:
- Support to Business Environment and Investment climate improvement initiatives – Up to 90 days of short-term expertise is offered to eligible institutions in the ACP countries;
- Strengthening national and sub-regional development financial institutions in ACP Countries; and
- Dissemination and mainstreaming of best practices and lessons learnt.