Why SIFC fails to deliver FDI
SIFC is structurally flawed – seriously flawed. SIFC is a coordination forum, not astatutory investment authority.
SIFC cannot legally bind provinces, regulators, utilities, or courts. Investors still face fragmented approvals after the “facilitation” meeting.
Singapore’s Economic Development Board (EDB) operates under a clear statute. EDB signs, commits, and executes. EDB attracted $461.3 billion in FDI net inflows over the past three years. Pakistan attracted $6.24 billion over the same period.
Rwanda’s Rwanda Development Board (RDB) was created by dissolving eight agencies into one law-backed authority. RDB managed to attract over $1 billion in the past three years for a $14 billion economy that is transformational capital. SIFC has three structural problems. First, line ministries retain veto power. Second, provinces control land, taxes, and labour. Third, regulators remain autonomous—and slow.
At SIFC,........
