Development that Works
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    This blog highlights effective ideas in the fight against poverty and exclusion, and analyzes the impact of development projects in Latin America and the Caribbean.
  • Improving effectiveness of development co-operation and the role of private sector



    By Ichiro Toda*

    Ichiro p sector

    The global development community is increasingly aware of the benefits of collaborating with the private sector as an equal partner in promoting inclusive and sustainable development. In November 2011, the global development community, including the IDB, agreed to the Busan Principles for Development Effectiveness, which promotes enhanced country ownership, a focus on results, inclusive partnership, and transparency and mutual accountability in development work.  Recognizing the central role of the private sector in advancing innovation, creating wealth, income and jobs, mobilizing domestic resources and in turn contributing to poverty reduction, the Busan final document  encouraged efforts to:

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