The European Commission’s Directorate-General for International Development and Cooperation will present a 10-point paper at the third International Financing for Development Conference in Addis Ababa.

The role of the private sector in global development has much been a hot topic for discussion as the third International Financing for Development Conference in Addis Ababa, Ethiopia, approaches.

While official development assistance will remain a “centerstone” of development financing, Klaus Rudischhauser, deputy director-general at EuropeAid, thinks other flows — including trade, the private sector and leveraged finance — are even more important and should not be overlooked.

“We will, in fact, in Addis put on the table a 10-point paper on the EU contribution to financing for development,” Rudischhauser said in an interview with Devex Impact’s Associate Editor Adva Saldinger, adding that trade can be a “locomotive” for development.

Watch the video to get the inside track on how the European Commission currently helps least developed countries through trade and private sector initiatives.

Join Devex to network with peers, discover talent and forge new partnerships in international development — it’s free. Then sign up for the Devex Impact newsletter to receive cutting-edge news and analysis at the intersection of business and development.

About the author

  • 013 devex%2520aug2015  pamstacruzphotography jacques

    Jacques Jimeno

    Jacques is a former copy editor at Devex’s news production team. Previously, he worked with the Philippine Department of Tourism and the World Wide Fund for Nature.

Join the Discussion