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Power of the Private Sector in the Development Process

The Power of the Private Sector in the Development Process: from Financing to Implementing Public-Private Partnerships[1]

The panellists shared their opinions and experiences on the necessary conditions for bigger private sector involvement towards developing countries.  Referring to the topicality of obtaining private sector support, the panellists pointed mainly to the tight budgets of the Member States of the EU, which is currently cutting spending on official development aid (ODA). This points the attention to the possibility of tapping additional resources: European private investments and unlocking the potential of developing countries' own contributions (by boosting the local private sector).

Panel participants identified several areas requiring special attention, the most important being the creation of the right investment climate. The system of governance in place in a given country is of key significance here. This dimension should be covered by a political dialogue conducted by the European Commission. Education measures are also important. Investments by European companies often coincide with investments in education: companies open schools or finance university courses with qualifications corresponding to their enterprises' needs. The Commission could assist these changes by providing an appropriate system of incentives (grants, subsidies).


[1] Organizer: European Investment Bank (EIB) and BUSINESSEUROPE. Panellists: Tamsyn Barton (Director General for Lending Operations outside Europe, EIB), Christoph Beier (Managing Director, GIZ), Jacques Delmoitiez (BASF President for Europe, the Middle East and Africa), Adrian van den Hoven (Director for International Relations, BUSINESSEUROPE), Tashmia Ismail (Gordon Institute of Business Science), Klaus Rudischhauser (Director, DG DEVCO). Moderator: Jacki Davis.

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