Many who work in the field of international development think of governments and large multilateral development institutions like the IMF and World Bank along with other large NGOs as the real players in that space. Increasingly, however, business is playing a role as more people in the commercial world recognize both the responsibility and the opportunities […]
Investment
Will private sector money radically transform development?
One of the buzzwords at the recently concluded Financing for Development (FFD3) conference in Addis was ‘partnership’. At just one side event, hosted by the One Campaign, 30 speakers mentioned the word 34 times in just two hours. At the International Business Forum, held in parallel to FFD3, the conference secretary-general, Wu Hungbo said that […]
DfID to pump £735m into investment arm for private sector projects
The UK’s Department for International Development (DfID) is to invest an extra £735m over the next three years into the CDC Group, the British development finance institution that specialises in private sector funding. DfID is increasingly targeting private sector investment, which the international development secretary Justine Greening has said will help to end aid dependency […]
IMF Says Growth In Emerging Markets And Developing Economies Are Expected To Pick Up In 2016
According to a recent report from the International Monetary Fund (IMF), economic growth in emerging markets through calendar year 2016 will grow to 4.7 percent, driven by improvements in conditions in certain distressed economies, including Russia and economies in the Middle East and North Africa. The IMF is also forecasting that increases in global growth […]
What to expect from the Addis Ababa Financing for Development Conference
On Monday 13 July, world leaders will gather in Ethiopia’s capital, Addis Ababa, for the third Financing for Development summit (FFD3). On the agenda: work out where the money will come from to fund the two processes that start this year and aim to change the future for people and planet. As Jim Yong Kim, […]
PwC Report Predicts Increased Infrastructure Investment in Africa
Dealing with Africa’s infrastructure backlogs and its future demands is high on the agenda of leaders and civil society on the continent and abroad. While the continent’s infrastructure currently lags behind that of the rest of the world with some 30 per cent in a dilapidated condition, there is widespread recognition of the vast business […]
SGDs and the private sector: Creating a win-win scenario
End poverty. End Hunger. Provide full employment. These are just three of the items on humanity’s greatest wish list — the new sustainable development goals, expected to be finalized by the United Nations this fall. It is impossible to imagine coming close to achieving these goals, and the 14 others, without the private sector. With […]