Why Public Private Dialogue?
While the MENA region was beginning to show signs of recovery from the COVID-19 crisis - with a 4.4% expected growth for 2022, the war in Ukraine has placed a new set of constraints on economies and plunged firms into uncertainty. In this context, dialogue between the private and public sector is more crucial than ever to prepare the region to mitigate economic shocks and foster countries’ resilience.
Business associations throughout the region are well positioned to harness the potential of digital technologies and the green transition while promoting deeper regional integration through trade and entrepreneurship. They can also design inclusive strategies towards regional integration that can facilitate job creation, increasing the participation of youth and women in the labour market.
Public-Private Dialogue (PPD) provides a structured consultation between private and public decision-makers. Recent discussion in the context of the MENA-OECD Business Advisory Board (BAB) highlighted that MENA countries where PPD and coordination amongst key actors is strongest tended to perform better in reacting efficiently to the crisis.
From theory to practice: the PPD cycle
By leveraging the combined impact of development and business solutions, PPD allows to identify pressing concerns, implement inclusive and workable solutions and further mutual understanding and trust among economic actors. PPD is also particularly valuable in transition environments, as it contributes to consolidate peace and stability as well as helps rebuild the economy through private sector development.
PPD in the Mediterrannean
The EU-OECD Mediterranean Investment Program aims to support investment climate reforms to promote sustainable growth and decent jobs in the Southern Mediterranean.
©Shutterstock/TheRunomanEU-OECD Programme on Investment in the Mediterranean
PPD in Libya
The economic transformation needed in Libya requires a new economic vision, which implies mobilising a large number of actors to set the foundations for a new social contract. PPDs are planned in the following sectors: Banking, Infrastructure, Agrobusiness, Transport and logistics, ICT.
©Shutterstock/BasPhotoEU-OECD Project on Promoting Public-Private Dialogue in Libya