The engine of development: The private sector and prosperity for poor people
“The engine of development: The private sector and prosperity for poor people” is a paper publicated by Department for International Development (DFID) emphasizing the role of the private sector in its international development strategy.
The document, according to Gavin McGillivray, the head of DFID’s new Private Sector Department, showcases DFID’s new approach to working with the private sector: its work aimed at “transforming the environment for business and investment; at opening up economic opportunities for small businesses and poor women and men; and at providing them with better services” – with examples drawn from DFID’s recently-published Operational Plans. It also sets out plans for a “reformed and revitalized” CDC. McGillvray says that with the document “we wanted to get across the intended step change increase in the volume, extent and effectiveness of DFID’s work with and on the private sector”.