There is increasing awareness that state efforts alone cannot overcome global challenges like poverty, climate change or the coronavirus pandemic; instead, the combined efforts of state, civil society and economic actors are needed to tackle these issues.
The development community cooperates with private sector actors to mobilise the additional resources required for the financing of the Sustainable Development Goals and to achieve real economic effects in the partner country. The private sector is viewed as the engine for economic growth, since its entrepreneurial creativity and innovation encourages new investment, boosts the efficiency of markets and creates better jobs.
As yet, however, there is little or no evidence base on impact findings across instruments and programmes for private sector engagement. The growing significance of the issue, the diversity of instruments and the new cooperation formats all point to the necessity of identifying impact findings across instruments and programmes.