Economic development PPPs gain steam

Public-private partnerships for development continue to play a prominent role in American global development policy and strategy. President Barack Obama’s administration has prioritized leveraging private sector investment for development. The President’s Global Development Council — a special advisory group comprised of public, private, academic and nongovernmental representatives — continues to emphasize galvanizing the private sector and supporting new and existing PPPs.

While the focus on partnership applies to all U.S. government agencies with a development portfolio, the U.S. Agency for International Development has taken the lead forging PPPs for development and the USAID Forward reform agenda has preserved the goal of increasing PPP investments to 10 percent of USAID mission program funding in 2015.

Devex: Economic development PPPs gain steam