Mark Green, administrator of the U.S. Agency for International Development, is in Davos this week to make good on his goal to better engage the private sector in development work.
“We want to tap into the entrepreneurship and creativity and ingenuity of the private sector by going beyond contracting and grantmaking,” he said. USAID will move toward co-designing, co-creating, and co-financing solutions in order to engage business, allowing the agency to come up with the best solutions.
USAID will use existing mechanisms, some of which haven’t previously been used as often, to engage with the private sector, including grand challenges and the use of broad agency announcements. USAID released a BAA last year to tackle the voluntary return of internally displaced people in Iraq.
Green said that USAID staff are excited about working with the private sector on new ideas and finding the most effective solutions, and that doing this work won’t require a restructuring at USAID. Rather, staff will just spend more time reaching out to people who haven’t been engaged as often in the past, he said.
Read the full article about USAID looks towards the private sector by Adva Saldinger at Devex.
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