This coming 23 November 2023 at 7PM Manila | 12PM CET, the global civil society platform CSO Partnership for Development Effectiveness and The Reality of Aid Network is holding the launch of the Private Sector Watch: Global Synthesis Report 2023.
The CPDE Private Sector Watch (PS Watch) is an initiative that aims to monitor private sector engagement in development cooperation. It responds to the need to ensure that private sector entities promote responsible business behavior in development cooperation, promoting accountability, adhering to the development effectiveness principles and upholding the human rights-based approach. In today’s development cooperation landscape, the private sector has been held up as a ‘silver bullet’ with private financing touted as a means to fill in the gaps in development that national governments and multilateral institutions have been unable to address.
The PS Watch features case studies from the network’s constituencies, which looked into specific country initiatives where private sector entities are partnering with governments for development, its impact on specific sectors of society, and their compliance with the Kampala Principles. These are compiled into a Global Synthesis Report and an online hub.
The launch aims to:
- Discuss key findings and forward policy recommendations on PSE
- Facilitate dialogue and peer-learning among development actors on how to effectively implement private sector initiatives
- Promote the watchdog function of CSOs and highlight the potential of social enterprises as potential partners for development cooperation
Register for the event here. #