The private sector provides goods and services, generates tax revenues for new and innovative solutions helping to solve development challenges and has an important role in combating climate change. The role of private sector includes supporting economic development, establishing comprehensive and detailed public- private partnerships, and introducing innovation in human resources, technical information, and technological inputs.
The challenge with private sector development is to develop a range of strategies for promoting economic growth and reducing poverty in developing countries by building private enterprises. This could be through working with firms directly, with membership organisations to represent them, or through a range of areas of policy and regulation to promote functioning, competitive markets.
Our strategy and core competency lie in assembling and managing highly qualified multi-disciplinary teams and engaging with a range of public, private sector, non-governmental and citizen stakeholders for timely and quality completion of projects, TSC Global's "Private Sector group" is comprised of leading policy and regulatory experts, with experience in promoting functioning, competitive markets. This is achieved by using appropriate policy interventions to support private sector development, allowing competitive markets to regulate as much as possible, intervening with appropriate regulatory measures when the market fails, and the cost/benefit of intervention exceeds the impact of doing nothing. Our teams have undertaken numerous diagnostic assessments of markets, including the bank, MFIs, non-bank and capital markets. Our subject matter experts are supported by our other experts as required.
TSC Global‘s standard methodology entails building trustful relationships and helping to identify practical solutions for complex problems that our team of experienced experts may face during project preparation, and the implementation and delivery of high-quality results — often in tight deadlines.
As with any transformational process we will develop a shared understanding of what needs to be developed by identifying what each element of an overall goal can be achieved when, over what timeframe, by whom, doing what. Careful planning is required. The first Step taken in the process is as important as each of the other ones, especially as it will lay out the initial plan and approach for the transformation goal.
Our transformative process is based on:
Private Sector Development Project Examples
- Identifying and building: on the achievements of our previous work and knowledge in the area.
- Promoting broad participation: Through our research process and stakeholder engagement, we will identify the challenges, needs, hopes and aspirations of various stakeholders.
- Engaging in and maintaining quality communications: by ensuring that our consultants work in very close cooperation with each other and our counterparts.
- Ensuring the transfer of knowledge: by providing focused and informative advice and stakeholder engagement that not only address the issues but include practical means to resolve any issues arising as they happen, and in the design, and the application, for future projects.