The first Business Leaders Caucus meeting of the Global Partnership for Effective Development Co-operation
The first Business Leaders Caucus meeting of the Global Partnership for Effective Development Co-operation (GPEDC) has been successfully completed in Berlin, Germany on the 29 & 30th of October, 2018. This meeting was hosted by German Ministry for Economic Cooperation and Development (BMZ) and it’s in the margins of the G20 Investment Summit, hosted by the African-German Business Association (“Afrika-Verein”) and under the patronage of H.E. Dr. Angela Merkel, to discuss how international development co-operation can be best harnessed to engage with the private sector in order to reach the 2030 Agenda for Sustainable Development and the SDGs.
11 high-level representatives from the businesses community from all regions put their unique experience at the service of the global development community to develop and endorse guidelines for effective private sector engagement through development co-operation at the 2019 Senior Level Meeting of the Global Partnership in the margins of the United Nations High-Level Political Forum on Sustainable Development. Mr. Dominic Ziller, Director General, Federal Ministry for Economic Cooperation and Development hosted the entire event and have also showcased some of the successful experience previously done by German government, especially through GIZ.
During the two days intensive meetings, all representatives were concentrated on the discussion and communication on the follow three topics, as well as provide recommendations on moving forward:
Topic 1: Leveraging the Contribution of the Development Co-operation Community
Topic 2: Making PSE Through Development Co-operation Work in Programmes at the Country Level
Topic 3: Achieving Sustainable Results and Accountability to scale up successful PSE Projects
Executive Director Mr. Matt Liu from Made in Africa Initiative, as one of the key members also attended this event in order to share his experience and knowledge regarding how effective private sector can contribute to the social and economic development in Africa countries.
As an industrialization and economic development expert in Africa, Mr. Matt Liu has addressed the importance of partnership between private and public sectors in several occasions. “In most Africa countries, Job Creation and Economic Development has become the top two priority targets, and private organizations and investors, especially in labor-intensive sectors are the engine and driving force to achieve this target” highlighted by Mr. Matt Liu, “Africa countries and government is strongly recommended to provide an investment friendly environment to both domestic and foreign investors in these sectors, because only a profitable business model can ensure a sustainable achievement of both commercial and social outcomes”
About Business Leaders Caucus of Global Partnership for Effective Development Co-operation (GPEDC)
The Global Partnership for Effective Development Co-operation is a multi-stakeholder platform which aims to advance the effectiveness of development efforts by all actors, to deliver results that are long lasting and to contribute to the achievement of the Sustainable Development Goals (SDGs). The Business Leaders Caucus is a senior level advisory group, which will provide strategic advice and policy guidance to the GPEDC’s work on how to enhance the effectiveness and impact of private sector engagement (PSE) through development co-operation.