As part of the Global Meeting of the Political Forum on Development held in Brussels from 13 to 15 March 2019, BUSINESSMED participated in the 6th workshop with the private sector on the current state and role of the private sector in public-private dialogue and improving the investment climate.

The Forum focused on three main themes, namely, the follow-up and expected results of the 2030 sustainable development agenda, in collaboration with key development actors, financing for development including specific financial instruments; and finally, how multi-stakeholder partnerships can contribute to the achievement of development and environmental objectives.

Following the various debates highlighted there can be no “one-size-fits-all” approach to development. The IOE underlined the need for more involvement of local private sector representatives so that businesses can play their full role as stakeholders for development and that EU policies should always take into consideration how development action interacts with local, national and regional strategies and policies in order to maximise policy coherence and deliver optimal outcomes.