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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Private sector on a 'journey' to engagement with the SDGs

The World Food Prize is courting the private sector. What could go wrong?

Critics worry that the World Food Prize is leveraging its influence to boost the private sector's role in addressing malnutrition. But how can the nutrition community engage with industry pragmatically?

Brussels weighs giving private sector direct access to EU budget guarantee

The European Commission is considering offering budget guarantees directly to the private sector under EFSD in order to boost investment in Africa, senior officials told Devex.

Q&A: The private sector's role in getting improved seeds to farmers

Across Africa, researchers are developing more durable seed varieties, but getting them to fields remains a challenge. The private sector can help, says Joseph DeVries of the Seed Systems Group.

Q&A: Global business and the rise of Mexico

Mexico is taking on greater global importance in both public and private sectors, so how do international development efforts play into its preparation for entry into international business?

Opinion: Enlisting the private sector in the fight against HIV/AIDS

With coordinated encouragement and investment, the private sector’s health workforce can make a significant contribution to sustaining HIV services, write Abt Associates' Sarah Dominis and Emma Golub.

Leveraging the private sector to fill the global health funding gap

One of the biggest barriers to achieving reproductive maternal newborn child and adolescent health goals is sustainable financing — there is currently a funding deficit of more than $30 billion. Devex examines how to better leverage the private sector.

Domestic resources for development a 'highly neglected' action area, experts say

The focus on helping countries raise more funds and effectively manage them, borne from the Forum on Financing for Development in 2015, has been eclipsed by a focus on private capital and private business, according to some development experts.

Maternal health: The next frontier for private sector engagement

The private sector plays a critical role in women’s reproductive and maternal health. But achieving SDG targets will require engaging the full spectrum of private sector expertise. How? Devex takes a deeper look.

The Fourth Sector Group wants to transform the future of business

The world needs more for-benefit enterprises — companies that balance social and environmental priorities with financial objectives, according to Heerad Sabeti, CEO at the Fourth Sector Group.

USAID business forecast: Q3 2019

This quarter has seen a rise in the year-on-year value of the forecast opportunities after a downward trend since the beginning of 2018. Devex analyzes the new data.

Opinion: Using the power of the private sector to deliver on gender equality

Following last month’s Women Deliver conference, Merck for Mothers' Mary-Ann Etiebet and Merck Canada's Anna Van Acker share their vision for advancing the private sector’s commitment to ensuring gender equality is the norm.

Q&A: Engaging the private sector on health security

Ryan Morhard, project lead for global health security with the World Economic Forum, talks about the need for greater cooperation between the private and public sectors in global health security.

USAID's private sector engagement policy takes shape

Late last year, USAID launched a new private sector engagement policy. Here's a look at what the agency's done so far as it works to implement it.

Human rights education for business: Serving the demand

In Australia, the impact of the recently introduced Modern Slavery Act has seen demand grow from the private sector for training and support.

A look at UNDP's private sector strategy

UNDP is adapting its approach to engaging and working with the private sector. The agency has a new strategy and an administrator who believes engagement with businesses of all sizes has to be part of its future.

World Bank's David Malpass talks 'decentralization' and private investment

The World Bank chief has outlined a growing country focus and called on countries to make structural reforms and to create the building blocks for successful private sectors.

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.