A new development model for DfID

The U.K. Department for International Development is trying to improve how it works with the private sector.

At an event organized last month by Devex Impact at DfID’s headquarters in London, British Secretary of State for International Development Justine Greening recognized the agency doesn’t always engage with the private sector as well as it could — but is changing and working to determine how to do better.

WATCH:Greening: Engaging the private sector

Improved interaction with business is a part of DfID’s new development model, which focuses on providing aid through a variety of mechanisms including traditional grants, loans and other investments.

How aid is distributed will be tailored to a country’s place in the development pipeline, Greening said.

This is the second of a three-part series of videos from Devex Impact’s conversation with the U.K. development minister.

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See more:

• What we’ve learned in London: DfID’s shifting strategy and partnership challenges

• Greening to development, business leaders: Work together

• Doing business, doing good — or both?