The New Global Development Agenda beyond 2015: The Role of the Private Sector in Development Policy Jacqueline Mugo, OGW, MBS 27th Meeting of ACP-EU Economic and Social Interest Groups Brussels, October 31st 2014 - PowerPoint PPT Presentation

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The New Global Development Agenda beyond 2015: The Role of the Private Sector in Development Policy Jacqueline Mugo, OGW, MBS 27th Meeting of ACP-EU Economic and Social Interest Groups Brussels, October 31st 2014

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Title: The New Global Development Agenda beyond 2015: The Role of the Private Sector in Development Policy Jacqueline Mugo, OGW, MBS 27th Meeting of ACP-EU Economic and Social Interest Groups Brussels, October 31st 2014


1
The New Global Development Agenda beyond 2015
The Role of the Private Sector in Development
Policy Jacqueline Mugo, OGW, MBS 27th Meeting of
ACP-EU Economic and Social Interest Groups
Brussels, October 31st 2014
2
Who are we?
  • Who are we?
  • The Federation of Kenya Employers
  • The most representative employers organization in
    Kenya,
  • representing employers
  • Interests since 1959.
  • Business Africa is the
  • voice of Employers
  • In Africa

3
MDGs and Post-2015
  • The UN determining its development framework as
    targets of the MDGs
  • expire in 2015.
  • Rio20-strong business support
  • for a linkage with the Post-2015 agenda
    emerges.
  • Rio20-businesses voted by acclamation to take
    part in formulating and enacting this new set of
    goals

4
MDGs and Post-2015
  • A better future for all requires action by all
    Governments, corporations, citizens, consumers,
    workers, investors and educators.
  • The private sector has a central role to play.
  • As the worlds main source of economic activity,
    business is at the heart of any widespread
    improvements in living standards.

5
Rise of the South
  • The rapid growth of developing countries is
    propelling millions out of poverty.
  • The proportion of people living on less than USD
    1.25 a day fell by more than half, from 47 in
    1990 to 22 in 2010 (MDG report 2013).
  • In Africa this has increased by a factor of six
    during the past decade. Africas share of global
    FDI projects has reached 5.7, the highest level
    in a decade.

6
Rise of the South
  • In the developing world, business is investing
    not only to obtain low-cost inputs, but
    increasingly to build strong markets and
    societies, and contribute positively to them.
  • Private sector plays a more active role in
    shaping the development path of countries,
  • There is also a shift in the assumption of social
    and environmental responsibilities.

7
Private Sector and growth
  • Business and investors are already the biggest
    engine of poverty reduction and economic growth
    in the developing world.
  • On average, business provides 60 of GDP, 80 of
    capital flows and 90 of jobs in developing
    countries.
  • It is the major source of the USD1 trillion a
    year needed to finance development.

8
Private Sector and growth
  • Supply chains for most industrial products and
    services now span the entire globe.
  • From 7,000 in 1970, the number of multinationals
    had grown to over 63,000 in 2000.
  • Decent jobs today are increasingly based on
    knowledge and skills.
  • Over 90 of jobs in developing countries are in
    the private sector.

9
Private Sector and growth
  • Private sector participation in infrastructure
    development and other services has become more
    important over the past 20 years.
  • Critical public issues related to food security,
    climate change, and environmental sustainability
    also depend on
  • operations of private sector.
  • The private sector is the
  • provider of most of the taxes.

10
Challenges
  • Inadequate government regulation, restrictive
    policies, poor infrastructure, severe skills
    shortages and mismatches between employers needs
    and available workers .
  • Focusing efforts on reforms that include
    strengthening institutions, efficient use of
    natural resources, contracting environment, and
    education and health will have a far higher
    payoff in promoting sustainable development than
    direct resource allocation.

11
Sustainable Development
  • A new post-2015 era demands a new vision and a
    responsive framework. Sustainable development
    that is enabled by the integration of economic
    growth.
  • For enterprises to create decent jobs for the
    population and pay taxes to government, they must
    exist in an environment that guarantees their
    existence in the long run.
  • An increase in investment is therefore crucial to
    the attainment of sustained growth

12
Parting shot
  • Eradication of poverty and ensuring that
    prosperity and wellbeing are sustainable are two
    of the most pressing challenges facing the world
    today.
  • Increased private sector participation will
    enable developing countries to effectively
    participate in global value chains.
  • The future debate should now focus on how best to
    achieve cooperation between all stakeholders
    without exclusion.

13
Parting shot
  • Employers Organizations play a critical role in
    ensuring good governance, economic growth and
    social equity.
  • Without these critical elements in an environment
    of freedom, good governance and sound
    macroeconomic policies, sustainable development
    might just a mirage.
  • We must not forget their role in sustainable
    development.

14
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