Report Launch: Engaging the Private Sector in the Development of the LDCs
Endeva launched a new report during a high-level meeting of UNDC and UN Global Compact – the 4th UN Conference on the Least Developed Countries – on Tuesday, May 10. The report, titled “Partners in Development - How Donors Can Better Engage the Private Sector for Development in LDCs” is based on analysis of 15 donor programs for public-private collaboration and interviews with 24 companies with “best practice” experience working in these collaborations in LDCs.
This report then develops recommendations for donors on how to engage the private sector in the development of LDCs. Recommendations follow the program life cycle with its four stages design, outreach, implementation and evaluation and learning. One message cut across the four stages: more collaboration between donors is much needed to improve the efficiency and effectiveness of collaboration programs. Donors should align programs and define clear priorities, create a joint information portal for companies, create and sustain joint funds with a special focus on LDCs, and create and advance learning platforms around issues that are most relevant to LDCs.