By Manuel F. Montes*
GENEVA (IDN | SOUTHVIEWS) – In discussions at the UN about achieving Agenda 2030, it has become de rigueur to highlight the role of the private sector. It is often introduced as the discovery of the idea that private sector investment and financing is indispensable to achieving Agenda 2030.
For developed country diplomats and their associated experts this new celebrity treatment appears to be an article of faith, at least during negotiations on economic matters in the UN. They are foisting a misleading ‘Trumpian’ exaggeration that is technically harmful to development policymaking and to Agenda 2030.
The practical, and long-running, reality is that investment by enterprises has always been indispensable to growth and development. It is NOT a new reality. It’s NOT a reality specific only to Agenda 2030.