Canada builds capacity of private sector in poor countries

Thursday, April 7, 2005

The Honourable Aileen Carroll, Minister of International Cooperation, today outlined Canada’s plans to encourage the growth of the private sector in developing countries and announced a series of new initiatives, valued at $25 million, in Africa, Asia and the Americas.
“It is important that the poor have a say and a stake in the way that private sector development evolves in their countries, and that its benefits are shared equally,” Minister Carroll said. “The needs and priorities of the developing countries themselves should lead this evolution.”
While delivering the keynote speech at the Unleashing Entrepreneurship conference in Ottawa, Minister Carroll explained that the Canadian International Development Agency (CIDA) will focus on three areas: contributing to conditions that encourage growth of the private sector; promoting entrepreneurship; and, supporting links to markets that help developing countries better integrate into the global trading system. At least 75 % of CIDA’s private sector development programming will focus on these three areas.
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Source: Canadian International Development Agency (CIDA)