Private sector matters – Volume 4, Issue 5 (August/September 2015)
Editorial Dr. San Bilal - Head of Economic Transformation Programme, ECDPM Private sectors matters for development! The good news is that this is now explicitly recognised and embodied in the Sustainable Development Goals (SDGs).Features 'To set our priorities in action, the region needs the private sector' Editor Dr San Bilal talks to Mr Kalilou Traoré, ECOWAS Commissioner in charge of industry and private sector promotion ECOWAS countries have made progress in many areas but there are still many challenges to attract more investment. To this end, the new strategy for private sector and the new strategy of industrial development were adopted to better address priorities and engage the private sector. Engaging with business for agricultural growth: Opportunities and risks Roberto Ridolfi, Director of the European Commission for Sustainable Growth and Development This article briefly presents how the European Union intends to engage the private sector in agriculture and food and nutrition security development in the coming years, in particular with its new Agriculture Financing Initiative, AgriFI. How to engage?
Innovative financing for development as if social returns, incentives, and value for money really mattered Theodore Talbot and Owen Barder, Center for Global Development Europe Rather than subsidising inputs or reducing risk to leverage private finance for development, it would be more effective for public sector actors such as donors to provide subsidies linked to a firm’s success or performance in terms of development impact.How to involve the private sector in development cooperation Philippe Adriaenssens, Advisor, International Affairs at EUROCHAMBRES As businesses hold an important key to tackling poverty, development cooperation initiatives designed by donors need to be implemented with the private sector, by the private sector and for the private sector. International private finance for development: Risky business? María José Romero, Policy and Advocacy Manager, Eurodad Policy debates on development finance have been dominated by how to ‘leverage’ international private capital flows for development projects, even though existing mechanisms do not have a great track record. Public support to business: Combining commercial and development approaches? San Bilal and Sebastian Große-Puppendahl, ECDPM With the increased recognition of private sector role in development, public actors should actively seek to combine their approaches to business support. Under the universality principle of the SDGs, they should strive to increase the coherence and synergy of their business support instruments that pursue commercially-oriented economic diplomacy objectives, with those that have development objectives. Export promotion and private sector development in Africa Andreas Klasen, Professor of International Business at Offenburg University Export credit agencies play an important role in providing access to capital. Traditionally mostly supporting public African buyers, there is a growing number of transactions with private businesses. But to support private sector development, a comprehensive policy framework is crucial. In practice How Africa can succeed Asia, according to Helen Hai Interview by Anver Versi, African Business Africa can replace Asia as the world’s factory floor. Having established one of Africa's biggest shoe factories, businesswoman Helen Hai knows how. A public-private single window initiative Philippe Isler, VP Monitoring Solutions, and Lieske van Santen, Global Business Development Manager NGOs and Institutions, SGS Public-private close cooperation is key to facilitate trade. The public-private joint venture for a single window solution in Ghana illustrates some of the benefits, as well as challenges, from such partnerships. The higher returns of development: MIGA’s catalytic role Conor Healy, Senior Risk Management Officer, MIGA The returns on investing in developing economies are high, but perceived risks are inhibiting many from entering these markets, to the loss of both countries and investors. The Multilateral Investment Guarantee Agency can assist. Business development through smallholder farmers in East Africa Trade Mark East Africa (TMEA) The teamwork involved in growing East Africa’s economies - from the government, to TMEA, to the private sector, to the producers, such as smallholder farmers - is vital for achieving their poverty reduction objectives. For Faustini, Jane and Japhet, it is already showing results: as their business competitiveness and incomes increase so too does their drive to continue the process. Regulars
In addition to structural support by ECDPM‘s institutional partners The Netherlands, Belgium, Finland, Ireland, Luxembourg, Portugal, Sweden, Switzerland, Denmark and Austria, this particular issue also benefits from funding from the Department of International Development (DFID), United Kingdom.
Read GREAT Insights volume 4, issue 5:
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