These questions are currently a key concern for companies doing business in the regions in question as well as for development bodies. Therefore, it was very important to analyse these contexts and to share best practices and the most suitably adapted funding and partnering arrangements by letting the private sector and experts have their say. This is exactly what the latest issue of Proparco’s Private Sector & Development review set out to do.
Over two billion people throughout the planet are currently living in countries where development is being stymied by situations of fragility, conflict or violence. In such contexts, businesses can play a key role in terms of preventing and emerging from crises by creating jobs and producing essential basic goods and services. However, the resilience that the private sector can help to build is based around approaches adapted to activities that are both riskier and hampered by a lack of infrastructure and qualified labour, insecurity and corruption.
The review provides a platform for businesses, fund managers, development banks and NGOs to describe their experiences of being confronted with specific instances of fragile countries when working in Central Africa, Madagascar or in Egypt. They tell us about the adaptation strategies that can help to boost the role and impact of the private sector as a catalyst for development.
In its June – September 2017 issue entitled, “Vulnerabilities and crises: what role for companies?”, the Private Sector & Development review looks at the various different issues related to private sector intervention and investment in fragile countries. As forecasts of the proportion of regions suffering from extreme poverty continue to rise (17% at present versus 50% forecast by 2030), this topic is now more than ever one of Proparco’s key focuses.