Client: European Union
Duration: 2017-2021
Region: Worldwide
Country: Worldwide
Solutions: Economic Growth
Trade and private sector engagement are recognized as key drivers for poverty reduction through their capability to spur growth and investment, create good-quality jobs, and generate tax revenues to fund public services. However, experience shows that improved market access alone is not always sufficient for sustained economic development. Access often needs to be complemented by policy measures that support lasting and equitable prosperity.
The Trade, Private Sector Development, and Engagement (TPSD/E) facility was established to support the implementation of the European Union (EU)’s 2014 Private Sector Communication, and to shape and implement new policy orientations, in particular geared toward the EU’s External Investment Plan (EIP). By leveraging financial assistance and guarantees and supporting improvements to the business environment, the EIP aims to catalyse private sector investment in partner countries in Africa and the European Neighbourhood and contribute to meeting Sustainable Development Goals.
With the TPSD/E Facility, DAI provides technical expertise to EU staff working on private sector and trade in Brussels and worldwide, creates and shares knowledge inside the institution, and supports the visibility of the Directorate-General for International Partnerships (DG INTPA).
RELATED CONTENT:
This project supports the Training and Research Centre for Labour and Social Security, medical, and rehabilitation professionals by developing new learning modules targeting to raise their capacity.
Read More