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USAID Administrator Hosts Private Sector Dialogue at Accra Aid Effectiveness Forum

FOR IMMEDIATE RELEASE
September 3, 2008
Press Office: 202-712-4320
Public Information: 202-712-4810
www.usaid.gov

ACCRA, GHANA - Henrietta Fore, Director of U.S. Foreign Assistance and Administrator of the United States Agency for International Development (USAID), convened a panel of small and medium-sized business concerns to discuss how the private sector has been and will continue to be a significant partner to improve aid effectiveness in West Africa.

Fore, attending the High Level Forum on Aid Effectiveness, in Accra, Ghana, September 2-4, hosted 'Partnering with the Private Sector for Development,' which featured representatives from the African Cashew Alliance, Intel Corporation, Olam, Greylock Capital, and EcoBank.

"Since 2001, USAID has built more than 680 public-private alliances with over 1,700 individual partners to contribute more than $9 billion of combined public-private resources. USAID is firmly committed to forging public-private alliances to leverage additional resources outside of official development assistance to maximize the impact and quality of USAID's activities.

Partnering with the private sector is a development opportunity whose time has come. Our ability to deepen and widen the impact of development assistance is promising if we continue to seek the expertise, resources, and capacity of our colleagues in the private sector. We will continue to work to expand our reach of development assistance by leveraging the reach of the private sector," said Administrator Fore.

The public-private alliances featured during the panel discussion included multi-stakeholders that facilitate access to broader financing options, assist in skill and knowledge development, and help reduce the risks of investing in some of the world's poorest countries.

For more information about USAID, please visit www.usaid.gov..

The American people, through the U.S. Agency for International Development, have provided economic and humanitarian assistance worldwide for nearly 50 years.

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