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Sarah Montgomery, economic justice policy analyst, Cafod, London, UK @SarahMonty1 Involve small and medium-sized businesses: Given that most people are employed in MSMEs (micro, small and medium enterprises) in developing countries, we need a much more comprehensive approach to the role of private sector in development.
Innovation has become more mainstream, according to Kim Scriven, manager of the Hif, because there is an ever greater need to do more with less, and a growing role for the private sector in development.
On the one hand, many Organisation for Economic Co-operation and Development governments are gravitating towards an increased focus on the role of the international private sector in development for three main reasons.
Equally important, he said, was the need to ensure that the increasing rush to engage the private sector in development did not result in the exclusion of civil society organisations (CSOs).
The role of the private sector in development is expected to be further enhanced – and scrutinised – over the coming year, as governments debate how the next set of development goals (the sustainable development goals) will be funded from 2015.
In May, the commission announced proposals to boost the role of the private sector in development, arguing that investment could help improve sustainable agricultural production and better the lives of women, young people and the poor.
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Water and sanitation have long been the orphan sectors in development.
For a logical approach to the problem, a co-ordinated effort by various sectors in development and social welfare fields is required.
The private sector involvement in development makes many people shudder.
We need to get over kneejerk reactions to private sector engagement in development.
The paper comes amid growing concern over the increasing levels of private sector involvement in development.
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