Progress in Policy Reforms to Improve the Investment Climate in South East Europe : Investment Reform Index 2006 This report constitutes one of the pillars of the Investment Compact’s work. It provides governments with an overview of each countrys performance on investment policy reform and will support them in setting priorities and further improving the investment environment. It is based on the Investment Reform Index (IRI) a novel tool used to measure – on a comparative basis – where countries stand on policy reform.The IRI is based on a broad and comprehensive approach to investment policy. It encompasses all major policy areas that affect the investment environment including anticorruption competition tax trade policy regulatory reform and human capital.