Lessons from Five Small-Country Successful Investment Promotion Agencies Part I: The Activities

This policy brief explores the successful strategies of Investment Promotion Agencies (IPAs) in five small countries: Singapore, Ireland, Mauritius, Rwanda, and Costa Rica. These agencies have played a crucial role in their countries' economic growth by implementing a combination of general investment promotion, targeted incentives, and focused efforts on priority sectors. The brief provides valuable insights for policymakers on how IPAs can effectively attract Foreign Direct Investment (FDI) and drive sustained economic development in small-country contexts.