The Private Sector Working Group, founded in 2016, serves as a platform to exchange among PN members but also with the Commission on the ever-increasingly important role of the private sector in development cooperation, as well as fostering a formal private sector in partner countries.
It serves as is
- a platform for the European Commission to disseminate information and engage with European member state organisations on respective initiatives, such as the EU External Investment Plan (EIP), and
- an informal source of information, guidance and consultation with regards to the implementation of such initiatives and knowledge on blended finance. Ultimately,
- the Working Group aims for the development of (possibly joint) new approaches to increase impact of private sector engagement for development.