Private Sector and Public Sector

World Bank: To function well, private business needs public investments in health, education and infrastructure – good things that don’t produce a return that easy for a company to capture, according to Globe and Mail. And the public sector needs the private sector to provide a dynamic engine of growth: As the World Bank points out, about 90 per cent of jobs in developing countries are already created by private capital. Aid and private, profit-driven investment need to work together to build integrated development solutions to extreme poverty. Canada should increase its public and private international development financing in tandem. Done well, this initiative could leverage Canada strengths in finance, natural resources, infrastructure construction and engineering to catalyze private investment that will accelerate the global push toward the United Nations’ Sustainable Development Goals . The initiative could also build on the skills and experience of Canada large immigrant communities to strengthen trade and investment links with emerging and frontier markets – countries that are now responsible for the lion share of global growth, but where Canada business presence is tiny. Doing so requires the business community to engage with the Department of Foreign Affairs, Trade and Development and EDC in the effective design and implementation of the government new initiative. (www.immigrantscanada.com). As reported in the news.