Activating private sector engagement

Project description

Title: Sector Project Private Sector Cooperation (Economic and Social Development, Digitalisation)
Commissioned by: German Federal Ministry for Economic Cooperation and Development (BMZ)
Country: Global
Lead executing agency: German Federal Ministry for Economic Cooperation and Development (BMZ)
Overall term: 2020 to 2024

Context

Working together with business enterprises is important for achieving the 2030 Agenda’s Sustainable Development Goals (SDGs). With this in mind, Germany’s Federal Ministry for Economic Cooperation and Development (BMZ) has commissioned the sector project to implement and pilot new forms of development cooperation (DC) with the private sector. This project thus channels the expertise needed for economically viable solutions to development challenges.

Objective

Public and private partners are working together more closely to achieve the 17 Sustainable Development Goals (SDGs) at the core of the 2030 Agenda.

Approach

This project fosters private sector engagement in development cooperation by advising on suitable solutions, crafting innovative formats and piloting projects in various thematic areas and regions.

Project operations embrace a variety of tasks and approaches, including:

• Advising BMZ on the rollout, strategic orientation and further development of cooperation with the private sector.
• Developing and piloting innovative approaches jointly with other stakeholders and donors. The match-making platform leverist.de, for example, offers business and networking opportunities in developing countries and emerging economies.
• Bringing together entrepreneurs from Europe and from countries of implementation in the lab of tomorrow to co-develop user-oriented products and services.
• Networking via the Strategic Partnership Technology in Africa (SPTA). The SPTA links up German Development Cooperation with over 220 European companies. Its aim is to develop public-private cooperation projects in Africa in the fields of education, energy, health, GreenTech, agriculture and mobility. The SPTA working groups serve to foster exchanges on trends, project approaches and experience.
• Leveraging the Business Alliance on Green Hydrogen to mobilise technologies and skills for projects dedicated to green hydrogen and power-to-X (PtX) in countries of implementation.
• Engaging in dialogue and joint projects with the tourism sector, with a view to rolling out and scaling up tourism-driven approaches for sustainable development.

Last update: December 2022