The Development Policy Forum, led by Friends of Europe, will organise a Policy Insight on private sector investment in fragile states in partnership with the IFC on the occasion of its 60th anniversary. Building on its six decades of experience, the International Finance Corporation (IFC) partners with the private sector to create opportunity and promote inclusive growth in emerging markets.
The Development Policy Forum (DPF) led by Friends of Europe brings together a number of crucial development actors. This includes the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ), the Agence Française de Développement (AFD), the Japan International Cooperation Agency (JICA), the European Investment Bank (EIB), the United Nations and the World Bank. Reflecting the growing role of the private sector in development, the DPF has now welcomed Coca-Cola to the forum.
Europe’s relationship with Asia and Africa has expanded beyond the traditional focus on development, trade, and security. Reflecting the changed geopolitical landscape and the increased global role of emerging economies, the focus of the EU and Friends of Europe is now also on Europe’s interaction with its global partners on climate change, connectivity and implementation of Agenda 2030 as well as terrorism and radicalisation. Our programmes and activities track these conversations – and foresee new ones - through publications and events that aim to make sense of our changing world.
17.30 – 18.00
Welcome and registration of participants
18.00 – 19.15
Unlocking private sector investment in fragile states
Investing in fragile states means contending with damaged infrastructure and trade, weakened institutions, destroyed regulatory framework, and political uncertainty. In the poorest countries, the challenges also include access to clean water and lack of primary education. Despite the odds, however, a number of fragile states have made — or are making — remarkable progress and rebuilding at a rapid pace. Countries emerging from conflict typically require immediate humanitarian support, aid, and, in some cases, the deployment of peacekeepers. To grow beyond aid dependency, a strong private sector is essential for providing goods and services, generating tax revenues, and creating employment opportunities. However in 2012, only 6% of total global FDI to developing countries went to countries on the fragile states list. Finding ways to mobilise the private sector in conflict-ridden countries or so-called frontier markets must therefore be a key priority.
• How can Official Development Assistance (ODA) be better used to catalyse non-aid flows and behaviours?
• What challenges and opportunities exist for the private sector to bolster resilience and stability?
• Will the newly released European External Investment Plan (EEIP) be able to stimulate sustainable investment in Africa and the Neighbourhood?
• What conditions would be necessary for the private sector to invest in emerging markets and deliver the expected development impact?
19.15 – 19.45
Tel: +32 2 893 98 12