Economy, finance, tax and competition, External relations and foreign affairs, Non Legislative, European Commission
On 13th May, the European Commission will adopt a Communication on the role of the private sector in development in which it will define the future direction of EU policy and support to private sector development in its partner countries.
The Communication will outline a new framework to ensure the highest development dividend from private sector operations in developing countries, for the benefit all members of society – particularly women and young people. It will include actions and tools to improve regulatory business environments, to accelerate the development of Micro, Small and Medium Enterprises that are essential to create decent jobs, and will advocate a ‘differentiated’ approach to the private sector – providing different incentives for businesses to contribute to development. It will also define principles for working in partnership with the private sector for boosting development; for example in sectors like agriculture, energy, and infrastructure, where inclusive and sustainable growth could be stimulated through blending.