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Briefing Note for AfDB’s Long-Term Strategy - Private Sector Development Strategy
No government can rely exclusively and indefinitely on redistributive development models when the majority of its population remains economically marginal. Broad based and accelerated growth is critical for job creation and a sound fiscal system could produce revenue flows that would enable governments to channel resources into socio-economic infrastructure and basic social services for those that are most vulnerable. Such growth, which must be inclusive to forge social cohesion, requires widespread access to economic opportunities. A dynamic private sector is critical to achieving the inclusive growth that creates these economic opportunities. Development strategies and investment plans must leverage the potential of private capital as an agent and partner in growth and development.