The private sector as a driver of development

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Background: Seizing opportunities – delivering sustainability

Solving the social, ecological and economic problems faced by countries worldwide is a challenge that cannot be met by the state alone. What is required is intensive cooperation between all sections of society. Governments, civil society and the private sector must assume joint responsibility and take concerted action. The German Ministry for Economic Cooperation and Development (BMZ) encourages such concerted action by offering the private sector numerous schemes of support. more

Opportunities on offer for private companies

Development partnerships with the private sector are short- to medium-term projects that are implemented jointly by businesses and implementing organisations concerned with international development work. In these development partnerships, both partners are on an equal footing. Both expect to benefit from the partnership, and both meet their share of the costs of implementing the projects. The BMZ provides financial support for development partnerships through bilateral agreements made with countries with which Germany has development cooperation links; through Germany's programme; through the programme "Employment for sustainable development" (E4D) in Africa; and with the help of the fund for fragile states in West Africa. Companies can also seek support for their business ventures in developing countries and emerging economies through the business support services offered by the German Investment and Development Company, DEG. more

Chambers and business associations – identifying joint strengths

Dialogue between government and the private sector is a key element of development cooperation. Germany's official development bodies work with local business associations, chambers of trade and other professional associations as their partners, since such associations are often in a position to help improve the general economic conditions in developing countries. An overarching aim of German policy is to help developing countries build robust social market economies. more

Expert training and placement

The success of a company, in fact an entire national economy, depends to a very large extent on factors such as knowledge, education and training. That is why the BMZ also supports not only the establishment of suitable vocational education facilities and qualifications systems, but also the provision of training and advanced training and the placement of experts. more

Further information

The following list contains links to a selection of documents and websites with further information on cooperation with the private sector. more

BMZ glossary

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