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Private sector has a key role in reaching the SDGs

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Thursday, 08 June 2017

Private sector has a key role in reaching the SDGs

The massive need for investment in projects of public interest in developing countries cannot be met by the public sector alone, this is why the involvement of the private sector in reaching the SDGs is key, the European Commissioner for International Cooperation and Development told EURACTIV.com in an exclusive interview. Neven Mimica is Croatia’s first European Commissioner since the country’s EU accession in 2013. He has served as Minister of European integration and as Deputy Prime Minister. He is affiliated to the Social Democratic Party of Croatia.Could you guide us through the many strategies the Commission has adopted regarding development? The world is changing quickly and it’s essential that we update our strategic framework in the light of global challenges, trends and new global agreements. Let me mention three recent global agreements in which the EU was and is very active internationally: the UN 2030 Agenda for Sustainable Development, including its Sustainable Development Goals; the Paris Agreement on climate change; and the Addis Ababa Action Agenda on financing for Development. As a global leader in development, it is important that we reflect these agreements and implement them within our development policy and all other relevant EU policies. We have done so in our new European Consensus for Development, which for the first time ever provides a collective vision for development policy for the EU and its member states. You will also find these international agreements reflected in many of our other initiatives, like our proposed European External Investment Plan, the work on the EU’s future relationship with developing countries in Africa, the Caribbean, the Pacific and elsewhere, and our strategic framework for partnering with Africa. Ultimately, we have many interconnected strategies towards a single objective: the fight against poverty.

Source: Euroactiv