Iisd Model International Agreement on Investment for Sustainable Development

The International Institute for Sustainable Development (IISD) Model International Agreement on Investment for Sustainable Development is a comprehensive framework that aims to balance the interests of investors and host states while ensuring sustainable development.

The IISD Model Agreement is designed to address a wide range of issues, from investment protection to environmental and social standards, transparency and accountability. It recognizes the need to attract foreign investments while ensuring that they do not harm the environment or the social fabric of the host country.

The agreement is based on the principles of good governance, transparency, accountability, and the rule of law. It requires both investors and host states to adhere to these principles throughout the investment process.

One of the key features of the IISD Model Agreement is the inclusion of sustainable development objectives. These objectives are intended to guide investment decision-making towards the achievement of long-term sustainable development goals. These objectives include environmental protection, social development, economic growth, and poverty reduction.

The agreement also recognizes the importance of stakeholder engagement. It requires investors to consult with local communities, civil society organizations, and other stakeholders before making any investment decisions. This helps ensure that the interests and concerns of all stakeholders are taken into account in the investment process.

The IISD Model Agreement also includes provisions for dispute resolution. It provides for both state-to-state dispute resolution and investor-state dispute resolution mechanisms. These mechanisms help ensure that disputes are resolved fairly and efficiently, reducing the risk of costly and time-consuming litigation.

Overall, the IISD Model International Agreement on Investment for Sustainable Development is a valuable framework for balancing the interests of investors and host states while promoting sustainable development. It provides a comprehensive set of guidelines that can help ensure that investments are made in a way that is socially and environmentally responsible, and that promotes long-term sustainable development.