The Global Partnership supports evidence-based, inclusive dialogue and policies to scale up investments that create shared value for business and development.
The scale and scope of the SDGs necessitate increased private sector engagement for financing, job creation, service delivery and innovation. The development co-operation community is adapting its policies and practices to further harness and strengthen private sector engagement through development co-operation.
The Global Partnership aims to facilitate agreement of guidelines for this engagement and help development actors scale up public-private initiatives leveraged through development co-operation in ways that attract business investments and create ‘shared value’ – for business and development impact to reach the SDGs. It facilitates multi-stakeholder dialogue to promote effective ways of using development co-operation to ensure that private sector engagement will:
Global Partnership Areas of Focus
Company leaders increasingly focus on maximising the business value of solving social problems, while acquiring new customers and expanding in new markets. The Global Partnership reviews opportunities and challenges to help the development community work effectively with the private sector at country level, putting sustainability at the center of private operations. The Global Partnership through inclusive dialogue – with governments, the private sector (multinationals, large domestic firms, micro-, small- and medium-sized enterprises), civil society, trade unions, parliaments, and development partners – will craft joint solutions and help produce inclusive policy guidelines for effective private sector engagement (PSE) in development co-operation, to be launched at the Global Partnership’s Senior Level Meeting in July 2019.
Informed by a mapping of existing global, regional and sectoral private sector engagement initiatives, the Global Partnership works on country-level analysis, improving the effectiveness of PSE projects, and bringing business and development communities together to discuss progress.
Evidence from four country case studies – Bangladesh, Egypt, El Salvador and Uganda – mirrors the opportunities and concerns raised by governments, the private sector and civil society at the Global Partnership’s Second High-Level Meeting in 2016 and raises new questions: How can we deliver outcomes that add value and bring benefits for people and planet, without diverting public resources to private motives? Who are the right partners and clients? What are proven ways to build on local, home-grown expertise to scale-up solutions? What do development partners need to do to adapt their procedures and streamline activities to respond to real needs?
This work stream will continue to produce country-specific evidence and recommendations and facilitate inclusive dialogue among stakeholders. A group of business leaders will be set up to support this work, which will culminate in a key event in 2019.
UNDP-OECD Joint Support Team Focal Point
Mr. Thomas Böehler
Policy Analyst, Global Partnerships and Policies
Development Co-operation Directorate, OECD