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Wednesday, 26 September 2012

Renewed commitment to accelerate socio-economic development in the ACP

The UNDP Istanbul International Center for Private Sector in Development (IICPSD)  recently hosted a high-level ACP-EC delegation from Brussels along with various representatives of Turkish institutions.
The involved parties announced their intentions to further enhance the role of private sector in development in cooperation with IICPSD for the benefit of the 40 Least Developed Countries belonging to the ACP space. The increasing significance of the role of private sector in the ACP countries as a necessary partner for sustainable development and as a bridging actor within the global market was underlined. The participating Turkish institutions explicitly declared their willingness to share their experience in trade and economic cooperation with the ACP countries involving the IICPSD and in coordination with UNDP Brussels and the European Commission. The ACP Secretariat expressed its commitment to encourage ACP countries to utilize the experience of Turkey and of the European private sector in developing inclusive value-chains and in identifying business solutions for poverty alleviation. The European Commission stated its interest in partnering with the IICPSD towards developing institutional capacities for inclusive market building across ACP countries.

Source: ACP