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German development cooperation to focus more on private sector

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Tuesday, 21 June 2011

German development cooperation to focus more on private sector

German foreign minister Westerwelle and the state secretary for development cooperation, Hans-Jürgen Beerfeltz, presented the first development plan for Africa in Berlin. “It is a historic day,” said Beerfeltz. For more than 20 years, attempts have been made to produce such a conception, but it always remained a draft. […] The development plan lists six key areas of shared values and interests: peace and security; good governance; economy; climate and environment; energy and raw materials as well as development, education and research. In a short speech, state secretary Beerfeltz said that the African lions were soon to take over from the Asian tigers. Success stories like mobile banking showed this very well. The two biggest mobile banking services in Kenya and East Africa by now reach 12 million and 10 million customers respectively. It is a central objective of the German ministry for development cooperation to increasingly use the potential of the private sector, said Beerfeltz: “We are in favour of self-supporting development. We want a strong private sector – which we are ready to support – to earn the money which is needed for achievement of the millennium development goals (MDG).”

Source: BMZ