The private sector is a powerful tool for the development of poor countries. It is both the main engine for growth and job creation and an intermediary for public policy, in particular thanks to public private partnerships. In many countries it also contributes to providing essential services. Finally, even in the poorest countries, external private flows (foreign direct investment and migrant flows) and domestic flows (savings and local investment) are on a much higher scale than the amounts of public aid for development.
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Private Sector and Development
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