CSIS report: Refocus aid on private sector

Monday, March 4, 2013

Today, the Washington D.C.-based Center for Strategic and International Studies released a new report that calls for U.S. foreign aid to reorient itself around the private sector and make “broad-based economic growth” its organizing principle.

“Private-sector-led, broad-based economic growth is the transformational force in development,” says the report, issued by the center’s Executive Council on Development, whose members include high-profile leaders from the realms of business, government and international development.

“While the U.S. government has historically played a vital role in development, that role needs to change because the world has changed. Public-private partnerships are now a necessity,” Carly Fiorina, former Hewlett-Packard CEO and council co-chair, says in the report titled, “Our Shared Opportunity: A Vision for Global Prosperity.”

Source: Devex Impact (link opens in a new window)

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