Private sector and development: The EU is not doing enough!

Private sector and development: The EU is not doing enough!

CONCORD in the news: This article by Isabelle Brachet, CONCORD expert on Sustainable Development and EU Policy advisor at ActionAid, on the role of the private sector in Development has been initially published in Euractiv. To ensure business enterprises play their role in generating more and better jobs and contribute to the transition towards a green and sustainable economic model in the Global South, the EU needs to adopt in-depth reforms.

Today, less than one euro out of 5 reaches least developing countries. OECD, time to reverse the trend.

Today, less than one euro out of 5 reaches least developing countries. OECD, time to reverse the trend.

Ahead of the DAC high-level meeting, CONCORD encourages the OECD to ensure aid maintains a laser focus on eradicating poverty and sustainable development for all. The outcomes of the meeting could reinforce current worrying trends for EU aid: decrease of aid to least developed countries, increase of conditionality and securitisation of aid as well as an increase of in-donor country costs reported.