Greening: Finance is 'lifeblood' that enables growth, scale

What role can the U.K. Department for International Development play in cooperation with business and civil society to test innovations and bring them to scale?

British Secretary of State for International Development Justine Greening addressed the issue at an event organized by Devex Impact at DfID’s headquarters in London.

WATCH: Greening: Engaging the private sector

Her response was: “[By] helping them to simply get the lifeblood that enables them to grow, which is finance.”

DfID is working to help build up capital markets in developing countries and improve business environments that allows companies — especially local ones — to access the resources they need to scale, Greening said.

WATCH: A new development model for DfID

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

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About the author

  • Adva Saldinger

    Adva Saldinger is an Associate Editor at Devex, where she covers the intersection of business and international development, as well as U.S. foreign aid policy. From partnerships to trade and social entrepreneurship to impact investing, Adva explores the role the private sector and private capital play in development. A journalist with more than 10 years of experience, she has worked at several newspapers in the U.S. and lived in both Ghana and South Africa.