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Article

6 Jun 2011

Author:
Zahid Torres-Rahman, Business Fights Poverty

DFID's new paper on the role of the private sector in fighting world poverty [UK]

The Department for International Development (DFID) has [published]…a new approach paper (“The engine of development: The private sector and prosperity for poor people”)… the International Development Secretary, Andrew Mitchell, said: “…it is business, trade and enterprise that will stimulate the economic growth that will help people, communities and countries to lift themselves out of poverty. This Government is determined to harness the dynamism and energy of private enterprise. This new approach will help to do just that, bringing jobs, investment and opportunity to countries that desperately need it.” The document...showcases DFID’s new approach to working with the private sector: its work aimed at “transforming the environment for business and investment...”