Australia has taken two giant leaps to establish stronger ties with the private sector in the delivery of foreign aid.
On Monday, a government inquiry into the role of the private sector in promoting economic growth and reducing poverty in the Indo-Pacific region marked its final public hearing. Beginning in February 2014, the inquiry has received submissions from 152 government agencies, businesses, nongovernmental organizations, education institutes and individuals. The committee will now retire to consider submissions and provide recommendations to the government.
On the same day, innovationXchange, a new unit within the Department of Foreign Affairs and Trade was launched with the aim of developing innovative and more effective and efficient ways of delivering Australia’s foreign aid program.