The U.K. Department for International Development often claims it would like to see increased private sector engagement, diversification of funding strategies and a change in attitude in the sector.
But while DfID is saying the right things, especially regarding the role of the private sector, moving toward using more “returnable capital” and adopting the right approach to development, the aid agency’s actions don’t always follow, according to Sir Malcolm Bruce, chair of the International Development Select Committee at the House of Commons.
DfID, he explained, is recognized as a world leader in development, but it should consider what it can do to further new strategies and meet its development goals.
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About the author
Adva Saldinger@AdvaSal
Adva Saldinger is a Senior Reporter at Devex where she covers development finance, as well as U.S. foreign aid policy. Adva explores the role the private sector and private capital play in development and authors the weekly Devex Invested newsletter bringing the latest news on the role of business and finance in addressing global challenges. 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.
