Development and the Private Sector

Eradicate Extreme Poverty and Hunger

Human development is the goal, economic growth a means.

Countries all around the world are striving for increased economic growth and productivity, yet for the most part when this comes it does not translate into benefits for the majority of the population. Programmes support the development of pro-poor growth policies that increase the participation and benefits of the poor in private sector development. Interventions seek to bolster economic sectors where the poor are strongly represented, open markets to improve.

We are supporting 12 joint programmes in this area with an allocation of US$63 million. These efforts contribute to achieving the MDG goal of eradicating extreme poverty, halving between 1990 and 2015 the proportion of people whose income is less than $1.00 a day.