Creating shared value through partnership
Ministerial statement on engaging the private sector in aid and development
The Minister for Foreign Affairs released the Ministerial Statement on engaging the private sector in aid and development - Creating shared value through partnership on 31 August 2015. The Statement is the Government's invitation to the private sector to collaborate with DFAT in development.
For the first time Australia has an aid policy which clearly identified the private sector as an essential partner to achieving sustainable development outcomes in our region.
This Statement outlines the Australian Government's vision for engaging the private sector in aid and development. The Statement acknowledges that the private sector has the means and increasingly the motivation to contribute to development outcomes as part of their core business. It invites the private sector to collaborate with the aid program on implementing sustainable solutions that tackle development challenges whilst delivering commercial returns.