Hi Veronica,
I am afraid your question is not clear enough. Please try to rephrase it and maybe giving any specific examples might also help.
Investment programs do not need any start or end dates, they are endless under business continuity principle. You can have for example one for CAPEX and one for OPEX (it does not really matter that they called "Investment", at the end this is the tool for budget/program management) per country.
Kind regards,
Paulo