By Andrew C. Wilson, Executive Director, and Kim Eric Bettcher, Director, Knowledge Management, Center for International Private Enterprise
To learn more about this timely topic explored during
the Private Finance for Sustainable Development Week, please visit the PF4SD and GPEDC websites.
Developing countries face complex challenges that require solutions from a strong private sector in partnership with government and society. Many in international development are actively contemplating how to move such partnerships forward. Notably, USAID issued a new Private Sector Engagement Policy to “embrace market-based approaches as a more sustainable way to support communities in achieving development and humanitarian outcomes at scale.” As part of Private Finance for Sustainable Development Week, the Global Partnership for Effective Development Co-operation (GPEDC) is hosting a Specialised Policy Dialogue on Private Sector Engagement through Development Co-operation, which will identify actions to scale up private-sector partnerships in ways that effectively use public resources and attract business investments to create shared value.
Business is now starting to make its mark on the Sustainable Development Goals (SGDs) with innovative initiatives for clean energy, water stewardship and green cities, to name a few. Around 80% of United Nations Global Compact companies are acting on the Global Goals. Business has already been an integral part of past development successes, driving economic growth and creating nine out of ten jobs. Still, the current trajectory is not adequate. The business sector has more to do to fulfill its potential as a responsible investor in emerging markets and an effective partner with the development community.
Planet Earth is changing, evolving, with such speed and disruption that humans have been forced to question many of the things that used to be taken for granted. This is due in great part to the digitalisation of a world that is ever more interconnected, and therefore increasingly complex.
Whilst this complexity and change might bring about some discomfort initially, it is important not to fight it. It is inevitable, and it must happen. It is much better that humankind embraces it. Doing so means being willing to open up to new ideas, to the potential of new technology, and to listen to what people want and need. Continue reading “Increasing impact through partnerships”
By Isabella Lövin, Minister for International Development Co-operation and Climate and Deputy Prime Minister of Sweden
I am going to Nairobi to attend the second high-level meeting of the Global Partnership for Effective Development Co-operation. This meeting comes at a critical time, as we are facing more serious development challenges than ever before. A growing number of conflicts are becoming increasingly deadly and protracted. The number of forcibly displaced people and refugees are higher than ever. Climate change threatens to undermine the progresses we made and is in the end a threat to our very existence. I was recently in Marrakesh at the COP22. While international commitment is strong to push the implementation of the Paris Agreement, we have a long way to go. Continue reading “Recreating effective development co-operation – does it matter?”
By Benita Ferrero-Waldner, Former EU Commissioner for External Relations and Neighbourhood Policy, Former Foreign Minister of Austria and former President of the EU-LAC Foundation
Today more than ever, the European Union and Latin America face the opportunity to advance a post-Occidental partnership. Already, the two regions share the same culture, speak the same language in part and promote the same values and principles enshrined in democracy, the rule of law, human dignity and peace. Such mutual bi-regional respect and tolerance serve as a clear counter-ideology to the surge of extremism and religious fanaticism that we see.
Alain Rouquié, academic, Latin America expert and former French ambassador to Brazil, referred to Latin America as Europe’s “Far West.” Yet, the many changes in the relationship between the European Union and Latin America no longer reflect this definition of the “West.” Thus, building a new enhanced post-Occidental strategic partnership is timely. Indeed, Europe and Latin America could be much stronger allies, politically, socially and economically. What does this mean in concrete terms? Continue reading “EU-Latin America: Post-Occidental relationship?”
Partnerships were central from the adoption of the Millennium Development Goals (MDGs) in 2000. Public, private and civil society entities forged ties, leading to some outstanding results. This was notable in health, where path-breaking co-operation across governments, companies and foundations improved millions of lives through medicines and vaccines. Given this track record, why do the Sustainable Development Goals (SDGs) 15 years later require revitalising global partnerships? What was missing the first time, and what should be different now? Continue reading “The SDGs call for a revitalised global partnership: What should we do differently this time?”