Public–Private Partnership for Development: Mechanisms and Benefits

Public–Private Partnership for Development: Mechanisms and Benefits

1 June, 16:45–18:00

The private sector participates in sustainable development programmes, which are seen as part of corporate social responsibility and investment in human capital. By combining economic interests with contributions towards the development of countries and regions, companies are better able to manage the risks associated with emergency situations, and to present themselves as responsible representatives of the business community which subscribe to the Sustainable Development Goals. Russia is one of the leading donor countries to international development aid programmes. Yet Russian businesses thus far have little experience of involvement in these programmes. The required public–private partnership mechanisms are not well developed, there is no vision or strategy for collaborative efforts in this area, and businesses often do not understand the value of these programmes or their potential benefits, including in the context of promoting their interests in a particular region. Why do new epidemic diseases pose a threat to the economy and to security? What kind of losses do investors sustain as a result of infectious diseases? How and why do global business leaders take part in international development aid programmes? How can the Russian experience of public–private partnership with RUSAL in the fight against Ebola in Guinea be harnessed in other regions? Inclusive investment: is investment necessary in order to reduce the losses incurred due to epidemic diseases? What kind of public–private partnership approaches and tools exist in the development sector? What is the outlook for the role of private Russian funds in international development aid programmes?


Key moments

Russian assistance for international development focuses on multiple areas: healthcare, combating infectious and non-communicable diseases, food security, public administration, finance, social protection, education and access to basic services.
Sergey Storchak
Deputy Finance Minister of the Russian Federation
We need to institutionalize the Russian Federation’s participation and build a mechanism to provide direct support as well as coordinate preparatory work, resolve legal issues, and coordinate with international organizations. We need to create a platform in the form of a fund or non-profit that would be capable of coordinating actions between stakeholders to ensure the more effective use of funds and human resources.
Oleg Deripaska
President, Member of the Board of Directors, RUSAL
Spending time more efficiently on studying the initial situation and preliminary response preparations to emergency situations will result in more lives being saved and resources being conserved.
Oleg Deripaska
President, Member of the Board of Directors, RUSAL
Modern risks create threats not only for people who defend the government, but for business too. Thus, it’s clear that a public-private partnership in particular must be able to cope with risks at the local and global level.
Anna Popova
Head, Federal Service for Surveillance on Consumer Rights Protection and Human Wellbeing
The role of the private sector is rapidly changing. We used to look at the private sector as a source of funding, but it’s much more than that. The private sector became the main partner and stakeholder in development projects around the world. It has knowledge, expertise and technology. Business emergency response in recovery and development can create a viable nexus if you want to achieve sustainable human development goals and lift everyone from poverty where people can look into the future with dignity, with jobs and with health.
Cihan Sultanoglu
Assistant Secretary-General, The United Nations Organizations; Regional Director, Europe and the Commonwealth of Independent States, the United Nations Development Programme
The world is constantly changing. New challenges are appearing, and in addition to its own efficiency, business must focus on its greatest value – people.
Natalia Poppel
Head of Corporate Social Responsibility Directorate, Severstal