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Public-Private Partnerships: an accelerated model for development assistance

Lessons learned from the traditional approaches to delivering development assistance [direct government budget support, sector-wide approach-Swaps and project funding in government departments] have contributed to shaping the global landscape for aid. One of the key lessons learned is the need to directly partner with the private sector to develop trade and investment.

Partnership with the private sector is one of the leading modified approaches to delivering aid for development and growth in the developing world. Funding agencies are channeling aid through well established equity funds targeting SME start-ups and businesses seeking to expand; Civil Society is funded where there’s demonstrated evidence of community mobilization for business; Financial institutions with initiatives/products seeking to deepen financial and social inclusion are winning cheap capital for onward lending; and the list goes on…

Is this a prime time to take a closer look at what should define these partnerships and who should be a key player  if the models are to deliver the desired goals?….

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