Private Sector Accountability
Ensure business accountability in the context of development cooperation programmes, to guarantee positive and significant development results
What we want to achieve
Elaboration of criteria to assess the interventions of the private sector in development cooperation at the country level, in order to evaluate their compliance with development effectiveness principles
Development of CSO indicators to assess the adequacy of effective development cooperation principles of targeted private sector interventions in developing countries
Multinational and Social Businesses, Development banks, FFD, HLPF, DCF, GPEDC
Private sector interventions, particularly Multinational businesses, must be held to account. Governments must set standards for aid effectiveness, measuring impacts and results of private sector intervention in development cooperation.
The involvement of private sector in development cooperation should be matched in the same proportion by the involvement of civil society and trade unions.
ODA should be solidarity-based and focused on the poor and the vulnerable. Often private sector interventions result in increased indebtedness of developing countries, and partial privatisation of basic public services and common goods.
Governments must support SMEs and the social economy, and must and promote sustainable and decent work.
Other Actors and Alliances/ Partnership Plan
Civil society organisations, including CSO communities at FFD, HLPF/DCF, Media