Donors are increasingly recognizing the important role of an effective and proactive private sector in boosting economic growth and wealth creation. Aid commitments for private sector development, with particular emphasis on small and medium-size enterprises, have increased significantly as a result.
From business development services to strengthening the overall business-enabling environment, programs in this area are often designed in conjunction with wider poverty reduction strategies.
Overall, there is a high demand for expert consultants in this area, but when looking for job opportunities, it is crucial to understand, from the outset, whether it is practical or institutional experience donors are looking for.
The following skills are often sought-after in this sector:
Planning, implementing, monitoring and evaluating programs that aim to support the development of SMEs in a wide range of areas.
Experience in enabling access to finance, business development services, staff training, value chain integration and corporate social responsibility; common areas of support include HR functions, financial and accounting systems, business planning and marketing strategies.
Expertise in the organizational and policy development of public institutions that promote an enabling environment for SMEs (including tax, customs, ministries of finance etc.).
Private sector development can well be a good entry point for those interested in venturing in the field of development consultancy. The required skill set can be fairly transferable from private practice, including change management, trade facilitation and ground operational skills. Experience and understanding of the trading environment in developing countries as well as their practical and institutional challenges are usually required for senior positions.
Becoming a consultant in this area will support one of the booming sectors of development assistance and will help you demonstrate your strategic, flexible and practical problem solving strengths.
Nevertheless, some professionals find it difficult to make the jump and present their skill set to make it relevant in a developing country context. The good news is that joining voluntary schemes — whether with the United Nations Volunteers, VSO, the Peace Corps or other organizations — could help you make the career move.
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Foundation helps volunteers strategize post-assignment career
Read last week’s Career Matters, and check out more international development career advice and news on volunteering.