mitteeRecognizingthatagreaterflowofforeigndirectinvestmentbringssubstantialbenefitstobearontheworldeconomyandontheeconomiesofdevelopingcountriesinparticular,petition,transferofcapital,essandintermsoftheexpansionofinternationaltrade;monpurposeoftheInternationalBankforReconstructionandDevelopment,theInternationalFinanceCorporationandtheMultilateralInvestmentGuaranteeAgency;monobjectivethroughtheiroperations,advisoryservicesandresearch;mittee,aworkinggroupestablishedbythePresidentoftheseinstitutionsandconsistingoftheirrespectiveGeneralCounselhas,afterreviewingexistinglegalinstrumentsandliterature,aswellasbestavailablepracticeidentifiedbytheseinstitutions,moninterestofallmembers;thattheseguidelines,whichhavebenefittedfromaprocessofbroadconsultationinsideandoutsidetheseinstitutions,mercialrisksinallcountries,andtherebyfostertheconfidenceofinternationalinvestors;plement,butdonotsubstitutefor,bilateralinvestmenttreaties,thereforecallstheattentionofmembercountriestothefollowingGuidelinesasusefulparametersintheadmissionandtreatmentofprivateforeigninvestmentintheirterritories,,plementtoapplicablebilateralandmultilateraltreatiesandotherinternationalinstruments,totheextentthattheseGuidelinesdonotconflictwithsuchtreatiesandbindinginstruments,"State"intheseGuidelines,unlessthecontextotherwiseindicates,includestheStateoranyconstituentsubdivision,agencyorinstrumentalityoftheStateandreferenceto"nationals",infullconformitywiththelawsandregulationsofthehost
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