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Development Co-operation Report 2016

The Sustainable Development Goals as Business Opportunities

image of Development Co-operation Report 2016

The face of development has changed, with diverse stakeholders involved – and implicated – in what are more and more seen as global and interlinked concerns. At the same time, there is an urgent need to mobilise unprecedented resources to achieve the ambitious Sustainable Development Goals (SDGs). The private sector can be a powerful promotor of sustainable development. Companies provide jobs, infrastructure, innovation and social services, among others. Increasingly, investments in developing countries – even in the least developed countries – are seen as business opportunities, despite the risks involved. The public sector can leverage the private sector contribution, helping to manage risk and providing insights into effective policy and practice. Yet in order to set the right incentives, a better understanding is needed of the enabling factors, as well as the constraints, for businesses and investors interested in addressing sustainable development challenges.

The Development Co-operation Report 2016 explores the potential and challenges of investing in developing countries, in particular through social impact investment, blended finance and foreign direct investment. The report provides guidance on responsible business conduct and outlines the challenges in mobilising and measuring private finance to achieve the SDGs.  Throughout the report, practical examples illustrate how business is already promoting sustainable development and inclusive growth in developing countries. Part II of the report showcases the profiles and performance of development co-operation providers, and presents DAC statistics on official and private resource flows.  

 

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European Union institutions

Working with and through the private sector in development co-operation is a relatively new way of working for the European Commission, which issued its communication A stronger role for the private sector in achieving inclusive and sustainable growth in developing countries in 2014. The objectives of the EU’s support for private sector development and its engagement with both the local and international private sectors are: creating a business environment conducive to private sector initiative; mainstreaming private sector development; engaging the private sector in EU development co‑operation with a view to achieving inclusive and sustainable growth; and catalysing private sector engagement for development by promoting responsible business practices through EU development policy.

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