The private sector as a development actor
“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.
Donors have increased their engagement with the for-profit private sector to catalyse contributions to development objectives.
However, a large agenda remains to draw lessons from past development experience with the private sector.
Evaluating support to private sector
Evaluating support to private sector development helps understand what works and what does not, and ensures accountability on the use of public ressources. But these evaluations can also help private sector entities demonstrate their contributions to development. Where consumers cannot be the evaluators because the market place does not function well, evaluators are there to help understand what works.
These evaluations also face specific challenges as private and public sectors rely on different drivers. Issues such as profitability, additionality, benefits for the host economy, job creation must be addressed by the evaluations.
Sharing evaluation findings should bring awareness among development agencies on the private sector potential.
First Network meeting on Evaluating support to private sector development in June 2013
In June 2013, the DAC Evaluation Network co-sponsored with IEG a workshop on “Evaluating support to private sector development”.
The participants agreed on the following conclusions:
Some evaluation reports: