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Canada to Deepen and Broaden Partnership With Private Sector for Development

Canada to Deepen and Broaden Partnership With Private Sector for Development 
OTTAWA, ONTARIO -- (Marketwire) -- 03/07/13 -- The Harper Government
will broaden and deepen its engagement with the private sector in
order to achieve sustainable economic growth and reduce poverty in
developing countries, reiterated the Honourable Julian Fantino,
Minister of International Cooperation, today upon the tabling of the
Government's response to Driving Inclusive Economic Growth: The Role
of the Private Sector in International Development, a report of the
Standing Committee on Foreign Affairs and International Development.  
"Canada can help stimulate private sector-led sustainable economic
growth that can lift people out of poverty," said Minister Fantino.
"In line with this report, the Harper Government will continue to
promote private sector partnerships in development, in turn spurring
business growth, creating jobs, and generating tax revenues that fund
basic social services."  
The Canadian International Development Agency (CIDA) works to assist
its development partners to create the conditions for strong and
sustainable private sector-led growth through CIDA's Sustainable
Economic Growth Strategy. The strategy's three paths-building
economic foundations, growing businesses, and investing in
people-target the main prerequisites to achieving private sector-led
sustainable economic growth and poverty reduction.  
In the response, the Government wholeheartedly agrees with the
committee's conclusion that "private companies can contribute to
long-term poverty reduction" in developing countries. Consistent with
the report, the Government of Canada will examine ways to leverage
private sector resources (recommendations 1 to 4), innovation, and
know-how to help move people in developing countries from poverty to
prosperity. The Government will also work to deepen and broaden its
efforts in sustainable economic growth (recommendations 5 and 6), and
to help developing countries capitalize on opportunities in the
responsible development of their natural resources (recommendations 7
to 10) and financial services sectors (recommendations 11 to 14) to
maximize development results. Ultimately, the Government of Canada
wants to help families in developing countries have increased access
to food, health-care and a better quality of life. 
Please visit the CIDA website for more information about how the
private sector is an important partner in achieving CIDA's goal to
help people living in poverty. 
Backgrounder 
The Government of Canada is committed to working with the private
sector to support international development. In tabling its official
response to the report of the Standing Committee on Foreign Affairs
and International Development, Driving Inclusive Economic Growth: The
Role of the Private Sector in International Development, the
Government of Canada commits to strengthening and engaging the
private sector as a partner in development. 
Some examples of how the Government of Canada is strengthening the
role of the private sector as a partner in development include: 
- Bringing together partner governments, donors, the private sector
and civil society, so that the voices of all, in particular those
living in poverty in developing countries, can contribute to
informing and improving effective development cooperation.  
-- On February 11, 2013, Minister Fantino hosted a round table
discussion on leveraging the private sector for development.  
-- On March 2, 2013, Minister Fantino and the World Economic Forum
co-hosted the "Maximizing the Value of Extractives for Development"
conference.  
- Canada is also a significant contributor to the G-8 New Alliance on
Food Security and Nutrition, which aims to attract private investment
for inclusive agricultural growth that will raise 50 million Africans
out of poverty over the next 10 years. To date, 21 African and 27
multinational companies have signed letters of intent to make
investments along the entire agricultural value chain-from farm to
table.  
- CIDA supports Trade Facilitation Office Canada and the Canadian
Executive Service Organization (CESO) to improve the export
competitiveness and readiness of 50 small and medium-sized businesses
in Bolivia, Burkina Faso and Guyana. Particular attention is placed
on women-led businesses.  
- CIDA supports CESO to bring skilled Canadian volunteers to small
and medium-sized businesses, associations, civil society
organizations and government entities in nine countries. The
volunteers foster the growth of the private sector. 
- CIDA also supports the Canada Investment Fund for Africa, which
provides risk capital to support investment in Africa across several
sectors of the economy. 
- CIDA supports Trade Facilitation Office Canada, working with
BrandAid, to rebuild exports from Haiti's artisanal craftwork sector
following the effects of the 2010 earthquake. 
- CIDA is collaborating with the Mennonite Economic Development
Associates (MEDA) to build agricultural opportunities and rural
enterprise in Ethiopia. By focusing on high-potential products such
as rice and hand-woven textiles, the project expects to improve
livelihoods for 10,000 rural households or 50,000 people. 
- CIDA is partnering with the oil, gas and mining industries to
bolster the effectiveness of international assistance and support
sustainable economic growth in countries where responsible resource
development can play a role in reducing poverty. 
-- The Government of Canada has partnered with the University of
British Columbia, working in a coalition with Simon Fraser
University, to establish and operate the Canadian International
Institute on Extractive Industries and Development. The institute
will serve as a centre of world-class expertise in strengthening
resource governance, and will help developing-country governments use
and benefit from their extractive industries in ways that stimulate
economic growth and reduce poverty.  
-- CIDA's contribution to a project with the World University Service
of Canada is helping local governments to improve education and
access to clean water for more than 130,000 Ghana residents in 12
mining communities. The project is co-financed by Rio Tinto Alcan. 
-- CIDA's contribution to a project in Peru with World Vision Canada
is helping 1,000 families to benefit more from the community's share
of mining revenue. The project is co-financed by Barrick Gold.  
-- CIDA is working with Plan Canada to help approximately 10,000
youths in Burkina Faso receive training and job skills in various
sectors including sales, tourism, carpentry, mechanics and mining.
The project is co-financed by IAMGOLD. 
- CIDA recently announced a strategic partnership with Grand
Challenges Canada to scale up promising innovations in the area of
global health, many of which are generated by social entrepreneurs. 
- CIDA has supported an innovative financing approach, the Advance
Market Commitment, hosted by the GAVI Alliance, that brings the
public and private sectors together to develop and deliver
much-needed vaccines to treat pneumococcal disease-a leading cause of
child deaths in developing countries. 
- The Government of Canada supports the G-20 AgResults Initiative, an
innovative finance mechanism that promotes competition among private
sector actors to cultivate and market agricultural technologies that
improve food security in developing countries.  
Please visit the CIDA website for more information about how the
private sector is an important partner in achieving CIDA's goal to
help people living in poverty.
Contacts:
Daniel Bezalel Richardsen
Press Secretary to the Minister of International Cooperation
819-953-6238
danielbezalel.richardsen@acdi-cida.gc.ca 
Media Relations Office
Canadian International Development Agency (CIDA)
819-953-6534
media@acdi-cida.gc.ca
Follow us on Twitter: @CIDA_CA
 
 
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