The Growing Role of the Development Finance Institutions in International Development Policy

The private sector plays a crucial role in developing countries. It is a vital factor for growth and job creation and, by spurring economic development, provides the fiscal base which allows governments to realize general investments and bring about redistribution of wealth.
The private sector is also at the very heart of environmental, social and governance related preoccupations and is the object of much public policy. Many negative externalities can be reduced by fostering best Corporate and Social Responsibility practices in this sector.