PPT_Challenges_ Private sector in Development (1).pptx - PRIVATE SECTOR AND DEVELOPMENT A CSO PERSPECTIVE By Jiten Yumnam Focal Point Person Rural

PPT_Challenges_ Private sector in Development (1).pptx -...

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PRIVATE SECTOR AND DEVELOPMENT A CSO PERSPECTIVE By Jiten Yumnam Focal Point Person, Rural Sector, Asia, CSO partnership for Development Effectiveness [email protected]
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Increasing Emphasis on private sector and partners of development “We recognize the central role of the private sector in advancing innovation, creating wealth, income and jobs, mobilizing domestic resources and in turn contributing to poverty reduction” - Busan Partnership for Effective Development Cooperation (BPd) – Fourth High Level Forum, Busan, November 2011.
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Increasing Emphasis on Private Sector as partners of development OECD-Development Assistance Committee (DAC) emphasized on the private sector as key for development. OECD launched its Principles for Private Sector Participation in infrastructure in 2007. Multilateral Banks, Bilateral Donors emphasizing on private sector led economic growth and development. WTO, DFIs, Donors, Government creating enabling environment for Private Sector
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Public Private Partnerships There is overwhelming focus on PPP model of development. Most PPP projects followed Build-Own- Operate) model with the private sector running the project There’s a larger trend of neglecting the social infrastructure in PPPs. Private sectors, with high profit motives, often favours development of roads, railways, ports and electricity etc, as user fees charging is more feasible. And such projects have a market that combines construction with the provision of related services, viz, operation of toll road), than social infrastructure projects, viz, health and education. There’s limited regulatory framework to ensure PPP
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DFI’s and Private sector promotion A primary bilateral donor engagement with the private sector has been through Development Finance Institutions (DFIs), such as World Bank’s International Finance Corporation, or bilateral development finance agencies. Investments to the private sector by international financial institutions (IFIs) crossed US$40 billion In 2010 and expected to exceed US$100 billion by 2015. In Belgium, donor investment in private sector development grew from 44.6 million in 2008 to 123.6 million in 2011, almost exclusively through BIO-Invest, the Belgian DFI.
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Enabling Environment for Private Sector Participation – Role of Government Goverment’s Policy Formulations for Public Private Partnerships (Bangladesh - “Draft of PPP Policy” in 2011. Mexico - Public-Private Partnerships legislation. New policies to facilitate land for corporate bodies (India - Land Acquisition Act, 2013). Inconsistent application of law and safeguards. Series of policy reforms Policy deregulations, such as weakening of environment laws such as on EIAs/SIAs to protect communities rights and to ensure their rightful participation in decision making (Amendments on EIA Notification, 1993) Reluctance to implement Int’l Human rights standards that can promote democratic ownership (UN Declaration on Indigenous Peoples Rights, 2007)
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  • Economics, Business

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