Understanding Public–Private Partnership

Michael McWilliam

Chapter 23 in The Development Business, 2001, pp 232-241 from Palgrave Macmillan

Abstract: Abstract Following the creation of DFID under a Cabinet minister, it quickly became known that a major new aid White Paper was in preparation, as development NGOs and aid specialists were consulted on drafts, that would stand comparison with Judith Hart’s White Paper of 1975. As with this earlier document, Eliminating World Poverty: A Challenge for the 21st Century1 made a renewed commitment that poverty alleviation must be the governing principle of the aid programme, and not the pursuit of national economic and political interests. There was a commitment to multilateral action and frequent use of the word ‘partnership’ in relation to collaboration with NGOs, business and recipient countries. All government policies affecting developing countries over trade, foreign policy, environment, agriculture, were to be made consistent with these aims. There was an indication of increased resources for the aid programme. Tucked into the text was the planned announcement on the future of CDC, where partial privatisation was presented as a means of enlarging the resources at CDC’s disposal through the introduction of majority private sector capital.2

Keywords: Private Sector; Private Partnership; Equity Investment; Venture Capital Investment; Partial Privatisation (search for similar items in EconPapers)
Date: 2001
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-50427-1_23

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DOI: 10.1057/9780230504271_23

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