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IDB begins public consultation on new Private Sector Development Strategy

The Inter-American Development Bank (IDB) is starting the first phase of public consultations on the development of its new Private Sector Development Strategy (PSDS).

The public consultation process is directed at persons wishing to share their opinions or suggestions as part of the development of the Bank’s new Strategy. The objective of this initial consultation period, set for Jan. 21 to Feb.19, is to receive feedback on the Strategy Profile from key stakeholders such as companies, private sector organizations, civil society, policymakers, and experts.

The Bank is seeking inputs to enrich the design and contents of the strategy. Send your comments by Feb. 19, 2011 before 8:00 p.m. (North American Eastern Standard Time) by accessing our public consultations website, which also contains a copy of the Strategy Profile.

The profile has been prepared by the IDB’s Vice Presidencies for private sector operations and for sectors and knowledge. It details a unique approach to integrate the full range of IDB-supported activities that will pave the way for a more effective Bank promotion of development through the private sector. The document also proposes a tentative list of priority areas and topics the Bank believes have a strong potential to become the organizing principles for the final strategy.

Under the terms of the Bank’s Ninth General Capital Increase (IDB-9), fostering development through the private sector has become one of the key strategic goals that will contribute to fulfilling the Bank’s mission to reduce poverty and inequality and foster sustainable growth in Latin America and the Caribbean.

The consultative process will be carried out in two phases: the first will focus on the strategy’s profile and will be conducted through the Bank’s website; the second, which will be carried out on the draft of the strategy itself, will include inputs received during the first phase following their review and approval by the relevant Bank authorities. The second phase of the consultation will also be conducted through the Web and it will be complemented with a targeted consultation with key stakeholders.

As mentioned by Steven J. Puig, Vice President for Private Sector and Non-Sovereign Guaranteed Operations at the IDB, “The inputs received during the first phase of the consultation will be extremely valuable for drafting the new Strategy. They will help us understand the concerns and needs of our stakeholders, which will be an essential complement to the in-depth assessment of comparative advantages based on the Bank’s track record, resources and market assessments that we have been conducting”.

For further information on the process of public consultation on the Strategy Profile, send queries to

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