Organisation for Economic Cooperation and Development (OECD)

Agency details

OECD private sector developmentThe mission of the Organisation for Economic Co-operation and Development (OECD) is to promote policies that will improve the economic and social well-being of people around the world. OECD uses its wealth of information on a broad range of topics to help governments foster prosperity and fight poverty through economic growth and financial stability. OECD helps to ensure that the environmental implications of economic and social development are taken into account.

Private sector development (PSD) policy and strategy

The OECD states that development of a vibrant private sector is an essential component of OECD efforts to boost the growth and stability of economies worldwide. OECD works to encourage a sound business climate for investment, enhanced productivity, competitiveness, and entrepreneurship, to raise living standards and alleviate poverty. OECD-DAC advocates a pro-poor growth agenda, focused mainly on business environment reform. The DAC also endorses pro-poor value chain development, BDS, innovation and cluster development, where donors play only a facilitation role. In addition, OECD-DAC recommends capacity building for inclusive public-private dialogue, compensation for poor people adversely affected by reforms as well as a range of methods to enhance women’s market access.

Transparency, effectiveness and results in PSD

The OECD works with governments, civil society, multilateral organisations and others to improve the effectiveness of development co-operation. OECD acknowledges that robust, independent evaluation of development programmes provides information about what works, what does not and why. This learning contributes to improving the development effectiveness of aid and helps hold donors and partner country governments accountable for results.