Inclusive growth in the private sector is the key to sustainable development.
That’s the opinion of the United Nations Under-Secretary-General, Gyan Chandra Acharya.
Mr. Acharya, who is the Under- Secretary-General and High Representative for the Least Developed Countries, Landlocked Developing Countries and Small Island Developing States (U.N.-O.H.R.L.L.S.), is in Samoa to discuss the preparations for the Private Sector Partnerships Forum that will be convened on August 30-31 in Apia.
The theme of the forum is ‘Fostering Private Sector Partnerships to Support Sustainable Development in Small Island Developing States (S.I.D.S.)’.
During his time in the country, the Under-Scretary-General met with the Acting Prime Minister, Fonotoe Pierre Lauofo, S.I.D.S. Coordinator, Faalavaau Perina Sila and the Chamber of Commerce and Industry (C.o.C.I.) C.E.O., Ane Moananu, among others.
“One of the things I will be therefore talking to the Samoa Chamber of Commerce (about) is how best you can look at both the prospects but also the challenges,” he said.
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“In terms of getting the private sector from outside and making sure that all the projects and all the programs that you have in the country get implemented and ...brings about changing the lives of the people.
“We are also looking to make sure that the private sector makes these investments as well as the partnership with a view to promote equity, with a view to promote sustainability, with a view to promote inclusiveness.
“It is very important that you have a growth, but it has to be generating employment, it has to be looking at how you can bring in the women, the youth - those who are not there, and then help them achieve the economic growth as well as prosperity.
“I think that is the only way we can make it sustainable.” He said the U.N. would be looking at the role of the private sector and how to make the growth both inclusive and sustainable.
“Because I do understand that there is a need for...strengthening the private sector in all these S.I.D.S. countries,” said Mr. Acharya.
“And that is also another area we will be looking at how best you can strengthen the private sector in all the Small Island Developing States.”
Mr. Acharya said the S.I.D.S. private sectors had a very important role to play in the areas of agriculture, energy, the transportation, disaster risk reduction as well as the information and communications technology, the fisheries and tourism.
“So we are really trying to ask them what are the areas in which they think and what is the nature of the interventions they are looking for as well in terms of the support,” he said.
“If it is in terms of investment, how are they really going to look at that?
“There are also lessons to be learned in terms of collaboration between the private sector and the government.
“At the end of the day...I think it is the collective contribution of all that will take the society forward.”
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