Government Briefing: Incorporating Free, Prior and Informed Consent (FPIC) into Investment Approval Processes
Government Briefing: Incorporating Free, Prior and Informed Consent (FPIC) into Investment Approval Processes
Jul 01th, 2020
This briefing explains how host government agencies involved in investment processes can effectively apply FPIC to:
1. Facilitate the right kind of investments, which operate responsibly and support sustainable development
2. Increase business confidence by fostering a stable and participatory investment environment
3. Comply with international law and align approval processes with industry standards and best practices
4. Avoid and mitigate financial, political, and legal risks
5. Manage potential conflicts that risk violating human rights and damaging business operations and the national interest.