The Foreign Investment Advisory Service (FIAS), a joint facility of the International Finance Corporation (IFC) and the World Bank, was established to help governments of developing member countries to review and adjust policies, institutions, and programs that affect foreign direct investment. The ultimate purpose of FIAS is to assist member governments in attracting beneficial foreign private capital, technology, and managerial expertise. Publication of FIAS Occasional Papers was discontinued in 2004.
(Washington, DC: International Finance Corporation and the World Bank, 2000)
Emery, James J.; Spence, Melvin T., Jr.; Wells, Louis T., Jr.; Buehrer, Timothy S.
The book consists of two papers which
provide an overview of administrative barriers in Africa,
and a very in-depth look at how one country, Mozambique,
used a very large foreign investment as a mechanism to begin
to tear them down. The first paper is based on a series of
country-specific studies on administrative barriers done by
Foreign Investment Advisory Service (FIAS) and the United
States Agency for International Development. These studies
covered Ghana, Mozambique, Namibia, Tanzania, and Uganda.
Each country study relied on review of primary materials,
laws, and regulations. The second paper is a detailed look
at how the administrative barriers that existed in
Mozambique threatened to derail the huge Mozal aluminum
smelter that was proposed by South African investors. Not
only were the barriers overcome for this special project but
also the Government used the knowledge gained in the process
to reduce barriers for all investors and establish
institutions that could facilitate other investments. The
message in both papers is that administrative barriers
constitute a significant impediment to foreign direct
investment in Africa. Many of the administrative procedures
required of investors have no real justification. Removal of
unnecessary barriers and streamlining other administrative
procedures require detailed efforts by governments involving
the exercise of significant political leadership.