Political barriers and the costs of doing business have long dissuaded private sector investment in the Pacific. But the International Finance Corporation has vowed a renewed focus on the region as part of its commitment to conduct 30 percent of work in fragile and conflict-affected countries.
Many initiatives stress the moral imperative for corporations to take the lead in fighting this global crime. But Mekong Club's "Business Pledge against Modern Slavery" takes a supportive, practical approach, according to the Hong Kong-based antislavery NGO.
From a village baker to a market creator, Jean-Philippe Stijns, senior economist at the European Investment Bank, tells Devex the development community must recognize all levels of entrepreneurship in sub-Saharan Africa, including the role entrepreneurs can play in economic transformation.
Devex takes a closer look at how private sector engagement and funding is impacting the global development sector. Changing approaches to development work will require professionals with both hands-on business and developing country experience.
Following the release of a report from WHO’s Independent High-level Commission on NCDs, Novartis Social Business’ Harald Nusser explains how the private sector can take some of its key recommendations forward.
With the help of IFC, the first company in Papua New Guinea has received a new certification focused on gender; and they are just getting started in building gender awareness and transforming the way the private sector works with women.
In our updated tableau interactive, view changes in trends from the first quarter of 2018. Here, we explain the key messages highlighted in the data, such as the continued and growing importance of small business partners.
In May, Hall Contracting began work on a civil construction project in the remote island nation of Tokelau for the New Zealand Aid Programme. Devex speaks with Samantha Miezio, communications and marketing manager for Hall Contracting, on the knowledge and experience private contractors need to demonstrate.
Noncommunicable diseases are the leading cause of mortality worldwide, responsible for 70 percent of global deaths — 80 percent of which occur in low- and middle-income countries. While reducing NCDs is possible, it will require targeted and strategic action by many different stakeholders. Identifying the most impactful and strategic interventions, dividing tasks according to stakeholder expertise, communicating, and working collaboratively across sectors are key to success.
The latest grant from Okta, which pledged 1 percent of its equity ahead of its initial public offering, is a reminder that technology companies have more to offer nonprofits than just money.
Down the road, African nations could see disaster insurance premium relief in the form of private sector involvement, thanks to an unexpected interaction at the African Development Bank meetings in Busan, South Korea.
As sexual misconduct allegations continue to plague the aid sector, the U.K.'s private sector contractors suggest they have been excluded from many of the conversations around safeguarding.
Most private sector investment in developing countries is too short term to be relied on as a primary source of funding, especially for key infrastructure projects, according to a new United Nations report on financing for development. The report instead recommends a multifaceted approach to sustainable investment, including blended finance.
NGOs often have a general lack of awareness and information when it comes to Asian Development Bank processes and ways of working. Here's how to tap into the bank's vast pool of opportunities.
The second quarter business forecast conference call and question and answer session, released by the United States Agency for International Development on March 29, provides new insight into how the organization is responding to budget insecurity and engaging the private sector in program delivery. Here, Devex brings you information on how business forecasts have changed since 2015 through our analysis and interactive visualization.
The two-day African Development Bank Business Opportunity Seminar offered interested contract bidders a chance to meet with AfDB sectoral representatives and learn about the bank's priorities and opportunities for private sector involvement.
Doug Stropes, deputy division director in USAID's Office of U.S. Foreign Disaster Assistance, shares how the U.S. government's leading humanitarian office is thinking about private sector engagement.
The sixth edition of the Africa CEO Forum launched in Abidjan, Côte d'Ivoire, on Monday, where investors, heads of state, government officials, and development experts gathered under the theme "African champions: It's transformation time." There, they are pushing for investments and learning the conditions needed to attract outside funding, and how to benefit from digital advancements and new technologies.