Friday, 11 July 2014 00:00

Private Sector and Development

The private sector received recognition in the Paris Declaration (2005), the Accra Agenda for Action (2008) and the Busan Partnership for Effective Development Cooperation (2011) as an active actor in the development discourse, as a source of financial flows, and as a benefactor from an enabling environment for investments at the country level. A significant number of countries now highlight private sector development as a key element of poverty reduction on national development strategies.

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