The Global Partnership supports evidence-based, inclusive dialogue and policies to scale up private sector engagement through development co-operation.
The scale and scope of the 2030 Agenda calls for increased private sector engagement (PSE) to harness effective financing, job creation, service delivery and innovation. Development co-operation actors are supporting this effort, and adapting their policies and practices to further harness and strengthen private sector engagement through development co-operation. The Global Partnership facilitates inclusive policy dialogue to forge consensus around principles and guidelines for the effective use of public resources for private sector engagement, based on evidence from stakeholders at the country level. These principles and guidelines will be launched at the 2019 Global Partnership Senior-Level Meeting (SLM).
Global Partnership Areas of Focus
The Global Partnership identifies opportunities and challenges that the business and development co-operation communities are encountering when working together. Based on a mapping of almost 70 other global, regional and sectoral private sector engagement (PSE) initiatives, a range of actors engaged with the Global Partnership agreed to focus on developing practical, context-specific guidance on the effective implementation of PSE projects at country level. With this, it complements other ongoing work on the mobilization of private sector engagement, and on the institutional challenges in sourcing funding from the private sector for the SDGs.
Effective private sector engagement through development co-operation hinges upon at least three pillars:
1) Unleashing the comparative advantages of the development co-operation community
2) Making PSE work in programmes at the country level and;
3) Achieving sustainable results, impact and accountability with PSE projects
This assessment is based on findings from four country case studies – Bangladesh, Egypt, El Salvador, and Uganda – and a mapping of 919 PSE projects and a series of interviews. While the findings are illustrative, the exercise offers new insights in how development partners support private sector engagement in practical terms and at country level, and what concerns and challenges stakeholders perceive.
Going forward, inclusive consultations with governments, civil society and the private sector will help shape emerging principles and guidelines for effective private sector engagement through development co-operation. These guidelines will aim to help development actors scale up private sector partnerships in ways that effectively use public resources and attract business investments in order to create ‘shared value’ – for business profits and development impact – with a view to achieving the SDGs and reach those left furthest behind.
The Business Leaders Caucus (BLC)
The BLC is a senior-level advisory group that will provide strategic advice and policy guidance to the GPEDC on how the development co-operation community can more effectively work with the private sector for better country-level results. It is composed of 12 high-caliber business leaders from multi-national companies, large domestic firms and micro-, small- and medium-sized enterprises (MSMEs) from various regions and fields including in technology, energy and the financial sector. The GPEDC is currently working with these business leaders to sought advice on the emerging guidelines.
Associated Members representing the Global Partnership Steering Committee