Challenge
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.
Strategy
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.
Transformation
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:
- 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.
Private
Sector Development Project Examples