CSIS report: Refocus Aid on Private Sector
By Amanda Gibson (Devex Impact)
This article is produced and published by Devex Impact, a global initiative of Devex and USAID, that focuses on the intersection of business and global development and connects companies, organizations and professionals to the practical information they need to make an impact.
Today, the Washington D.C.-based Center for Strategic and International Studies released a new report that calls for U.S. foreign aid to reorient itself around the private sector and make “broad-based economic growth” its organizing principle.
“Private-sector-led, broad-based economic growth is the transformational force in development,” says the report, issued by the center’s Executive Council on Development, whose members include high-profile leaders from the realms of business, government and international development.