Australian Foreign Minister Julie Bishop has called for greater private sector investment in the foreign aid program, offering 6.35 million Australian dollars ($4.53 million) in support as incentive for corporates to do business in developing countries.
“Harnessing the power of business to drive prosperity and reduce poverty has never been more necessary or more possible than now,” Bishop said Monday, Aug. 31, at the launch of Australia’s new private sector engagement strategy, which was attended by business leaders, nongovernmental organizations and government representatives.
The strategy will see funding provided to the private sector through:
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About the author
Lisa Cornish@lisa_cornish
Lisa Cornish is a freelance data journalist based in Canberra, Australia. Lisa formerly worked with News Corp Australia as a data journalist for the national network and was published throughout Australia in major metropolitan and regional newspapers, including the Daily Telegraph in Melbourne, Herald Sun in Melbourne, Courier-Mail in Brisbane and online through news.com.au. Lisa has recently been awarded the 2014 Journalist of the Year by the New South Wales Institute of Surveyors.
