More than 130 countries around the globe have adopted an IL as a key tool for attracting and regulating investment within the framework of their overall development strategies. In doing so, they have taken important decisions concerning the scope and content of the IL, its integration into the other national investment-related legislation and its interaction with international investment policies. This Guide has been developed to provide investment policymakers considering updating their ILs with advice concerning the main issues to consider. It goes without saying that the Guide can equally be used by governments intending to design an IL for the first time.
