Three Models that Ensure Private Sector Engagement

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Public Private Partnerships and Investment | Economic Growth and Trade | Business Enabling Environment | Agriculture and Food Security
Private Sector Engagement

If private sector engagement (PSE) is a journey — with some companies farther along than others — then what is the role of international development implementers to better enable and facilitate that engagement?

This post originally appeared on Devex.

Donor agencies, such as the United States Agency for International Development and the United Kingdom’s Department for International Development, have made private sector engagement, or PSE, a key element of their development strategies. Being more intentional about including the private sector in development is good news. Over the years, we in the development community have come to recognize that the success of the private sector depends on strong development outcomes. Both parties succeed when there is a healthy, well-educated, and skilled workforce, efficient and productive supply-chains, better business environments, and stronger economies that drive more domestic commerce and international trade.

At Chemonics, we have learned there is value and opportunity for PSE in any sector and at any stage of development. In the past, PSE often occurred once activities had been fully designed. Now, the private sector is active from design and establishment of shared objectives to implementation and evaluation of outcomes to ensure we’re achieving sustainable results for all.

So what is the implementer’s role today? We believe our role is to bring partners together, find ideas based on shared risk and shared reward, create sustainable and long-term impact, and test and scale up solutions. There is no one-size-fits-all approach to do this, but these are three different PSE models that we have tried and tested in different parts of the world and with which we have seen some success… Read the full article on Devex’s website.

Posts on the blog represent the views of the authors and do not necessarily represent the views of Chemonics.

Headshot of Melissa Gasmi

About Melissa Gasmi

Melissa (Scudo) Gasmi joined Chemonics in 2007 and brings more than 20 years of experience managing complex international development programs. Melissa served as team leader for Chemonics’ Tunisia Tax and Customs Reform Activity in Tunisia, chief of party for Chemonics’ Asia and the Middle East Economic Growth Best Practices project, and program manager and deputy…

About Eileen Hoffman

Eileen Hoffman is a former senior global practice lead for Chemonics’ Economic Growth and Trade Community of Practice.  She led the Washington-based USAID Innovative Finance Task Order, developing white papers and trainings on pay-for-results to enhance the skills and knowledge of USAID’s acquisition and assistance workforce.

A professional headshot of Tracy Shanks.

About Tracy Shanks

Tracy Shanks is an international development leader with 22 years of experience in private sector development, trade and investment, business enabling environment, democracy and governance, strategy, and program management. Previously, Tracy served as the senior vice president of the Afghanistan and South America regions at Chemonics and as a four-time chief of party for USAID…