Byiers, B. 2015. 'What is the EU’s added value in supporting the private sector for development?' (Presentation, European Parliament). Maastricht: ECDPM
At a recent workshop ‘The Role of the Private Sector in Fostering Sustainable Development‘ organised by the European Parliament’s Committee for Development, ECDPM’s Bruce Byiers gave a presentation.
The workshop aimed to address the issues of what is the EU’s added value in supporting the private sector? Further, how can this be complementary to the actions already carried out and partnerships established by Member States?
Key Challenges & Recommendations
EU institutional operating mechanisms: Issues of institutional linkages and capabilities, additionally, internal capacities and coordination
The EU should establish coordination mechanisms to facilitate inter-institutional coherence and cooperation
Business interest: by both EU businesses and developing country firms
The EU should focus on a facilitating role, based on key development principles and building on domestic initiatives within the EU and developing countries
EU Member States interest: national objectives vs. EU private sector and the risk of duplication of existing MS actions
The EU should favour coordination and exchanges of information (on opportunities, practices, modalities, monitoring) and contribute to set commonly agreed guiding principles (and possible operational framework)
Ownership: Partner countries’ desire to receive EU investments
The EU engagement should build on domestic initiatives and facilitate political engagement to foster a better pro-development business environment
Economic transformation and job creation is increasingly on the agendas of developing countries. Challenges remain for EU institutions relating to operating mechanisms, but also with deeper questions of:
Photo Courtesy of the World Bank