Foreign Direct Investment (FDI) is part of a strong and open international financial system, a significant catalyst for growth. FDI is an important development catalyst. Nevertheless, the benefits of FDI do not expand through nations, industries and local populations uniformly and evenly. National policies and an international investment architecture are needed to attract FDIs to a wider range of developing countries and to harvest the full development benefits of FDI. The challenges addressed primarily host countries, which need to develop and build their human and institutional capacity for investment in an open, broad and effective policy setting.