Privatization is a promising strategy for economic growth, enhancing government financial health to attract foreign investments. Embracing ESG principles is crucial for investor confidence, urging governments to establish clear regulations. Harmonizing efforts among governments, market players, and investors in the ESG agenda can boost FDI and stimulate GDP.

Addressing the need for transparent financial reporting, governments are implementing regulations, emphasizing the role of ICFR. In the context of global transformations, governments must reevaluate governance frameworks for economic sustainability and attractiveness to FDI. This report highlights the multiplier effect of these principles, strengthening stakeholder confidence in governments.