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Article

1 May 2011

Author:
Department for International Development

[PDF] The engine of development: The private sector and prosperity for poor people [UK]

UK aid is about generating opportunity and prosperity for poor people in developing countries. This document sets out how we intend to put the private sector centre-stage in doing this. Our new approach to working with the private sector is about us doing more with and for private enterprise, extending this work in new areas, and doing it better…The approach will back interventions with potential to transform the business environment; reducing barriers, costs and risks of doing business, expanding markets and trade, boosting energy availability, and strengthening transport and communications…This document is not a blueprint for our future work. We are learning, and want to learn more, about how best to encourage the dynamism of private enterprise as an engine of development and poverty reduction. [refers to Africap, Bayer, Bettys & Taylors of Harrogate, Diageo, Equity Bank, Unilever, Sainsbury’s, Tesco]