A Stronger Role of the Private Sector in Achieving Inclusive and Sustainable Growth in Developing Countries

From: Yona Maro

Having a decent job is widely recognised as the best way out of poverty. The private sector provides some 90 per cent of jobs in developing countries, and is thus an essential partner in the fight against poverty. It is also needed as an investor in sustainable agricultural production if the world is to meet the challenge of feeding 9 billion people by 2050. And through innovation and investment in low-carbon and resource-efficient solutions, it will have a major role to play in the transformation towards an inclusive green economy. Given the private sector’s potential for generating inclusive and sustainable growth in developing countries, private stakeholders including businesses, financial intermediaries, associations and workers and employers organisations are emerging as ever more active in the development field, both as a source of finance and as partners for governments, non-governmental organizations (NGOs) and donors.

Yona Fares Maro

Institut d’études de sécurité – SA

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