Promotion of development partnerships with the private sector
Title: Promotion of development partnerships with the private sector
Commissioned by: German Federal Ministry for Economic Cooperation and Development (BMZ)
Lead executing agency: Economic Development Board Madagascar (EDBM)
Overall term: 2017 to 2018
For Madagascar, cooperation with the private sector is a key precondition for enabling economic development and allowing the country to achieve its own development goals. Promoting development partnerships with the private sector is therefore also one of the priority areas for development cooperation work between Germany and Madagascar. These partnerships help to align the commercial objectives of private companies with those pursued through development cooperation in general. This approach generates growth opportunities and benefits companies while at the same time contributing to the country’s overall development.
Initiating and structuring new development partnerships with the private sector is a highly complex process that demands a great deal of time and resources. To date, numerous factors needed to effectively set up development partnerships with the private sector in a structured manner have been lacking, especially in a way that encompasses the entire development cooperation portfolio: knowledge of the potentials and the basic conditions on the part of the state and among companies, networking and match-making with possible partners, and expertise and resources for initiating and structuring these partnerships.
Selected companies and key public stakeholders recognise the potentials and employment-enhancing effects of development partnerships with the private sector and have begun to utilise the opportunities available to them.
This planned project will focus on enhancing know-how and expertise among key stakeholders in the private sector in Madagascar. These actors will receive training in the skills needed to initiate and carry out development partnerships with the private sector. By providing advisory services and by expanding existing skills, resources and capacities, the project will also support its partner institution, the Economic Development Board of Madagascar (EDBM), in improving its ability to help member organisations initiate development partnerships.
The project focuses on two activity areas:
- Skills development for establishing development partnerships
- Initiating development partnerships by strengthening public-private dialogue