Economic Opportunity for the Poor through the Private Sector: Learning from Experience
People prefer the dignity of working their own way out of poverty, rather than depending on charity. The private sector can generate the jobs and economic opportunities that enable people to do that. Private Sector Development (PSD) is defined as the range of strategies that aim to establish markets that function vibrantly and fairly, providing economic opportunities of quality to poor people at scale.
Donors and multilateral agencies are increasingly placing PSD at the heart of their work. The Donor Committee for Enterprise Development (DCED) enhances these efforts by facilitating exchange and sharing information about what works – based on practical experience and evidence on results. DCED members agree as their vision to make the DCED: