Business Transforming Development

This focus area covers the role and impact of the private sector in global development. From small social enterprises, to multinational corporations, the private sector is playing a role in development – through new business models, new ways of funding and innovation.

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A proposed novel approach to TB drug financing

Q&A: Gillian Triggs and her role in speaking up for human rights

Former President of the Australian Human Rights Commission Gillian Triggs explains the evolving role of the private sector in discussions on human rights.

Interactive: Identify future ADB funding

The Asian Development Bank's country operation business plans are critical to the bank's funding. Devex breaks down the COBPs into yearly data to identify which countries and sectors ADB plans to invest in and where things are changing.

Purpose before profit: Some progress, gaps remain

As the private sector still struggles to balance profits and sustainability, the Global Compact Network Australia conference will highlight how corporates can transition to a rights-based approach that puts purpose over profit.

Global education community clashes over GPE private sector strategy specifics

The Global Partnership for Education is moving closer to approving a private sector strategy that precludes financing for-profit education providers. But education advocates are calling for tighter definitions and greater transparency.

US lawmaker threatens World Bank capital increase over private sector concerns

Rep. Maxine Waters told U.S. Treasury Secretary Mnuchin on Tuesday that unless the World Bank shows greater transparency, her committee will not prioritize a capital increase for the bank's private sector arm.

USAID business forecast: Q2 2019

In our updated tableau interactive, Devex looks into the U.S. Agency for International Development's business forecast data for the second quarter of 2019.

New alliances to scale up access to a 700-year-old technology

Governments, international organizations, and private sector companies are starting to see the benefits of eyeglasses beyond health.

Opinion: The private sector should invest in women farmers to fight global hunger

Michelle Nunn, CARE CEO, and Jon Banner, PepsiCo Foundation executive vice president of communications, explain how supporting women farmers is a powerful tool in the fight against global hunger.

Q&A: An Australian High Commission view on private partnerships

Before the third round of the Business Partnerships Platform is announced by DFAT, here is some important information for applicants of future funding rounds.

Opinion: Development requires a new type of project. Here's what it looks like.

The biggest potential driver of short- and long-term development is the private sector, writes Islamic Development Bank President Bandar Hajjar.

Donors in the dark on 'unprecedented' private sector critique

Days before a crucial meeting, the OECD Development Assistance Committee failed to forward donors a high-level attack on the rules around how to measure private sector aid instruments.

Video: Going beyond the financing role of the private sector in health

Mary-Ann Etiebet from MSD for Mothers explains why the private sector's role in development work has to move beyond financing.

Africa's $66B health financing gap requires private sector power, experts say

Heads of state gathered at the Africa Business Health Forum this week to share ways they are already engaging private companies to improve health services delivery in the face of scarce public funds.

Opinion: The private sector's role in supporting a disability-inclusive world

Can the private sector provide more than money when it comes to creating a disability-inclusive world? Essilor shares its experiences.

Opinion: Achieving UHC in Africa requires focus and collaboration from the private sector

Experts outline where — and how — the private sector can contribute to achieving universal health coverage.

Q&A: McKinsey Africa chairman on how to conduct business in Africa

Devex sits down with Acha Leke, McKinsey’s Africa chairman and co-author of "Africa’s Business Revolution: How to Succeed in the World’s Next Big Growth Market," to learn his top tips on how to conduct business in Africa.

OECD-DAC members unable to reach a consensus on private sector instruments

After years of talks, members of the OECD Development Assistance Committee are still unable to finalize comprehensive reporting rules for spending aid money through private sector instruments.

USAID launches new private sector engagement policy

In a policy released Wednesday, USAID said it is committing to transforming the way it works to focus more on the private sector and finding more market-based approaches to development challenges.