The world of public policy, economics, political economy, agriculture and development scholarship inter alias is replete with cases of increasing dilemmas in policy and governance implementation failures and gaps in programs. While they are not new, challenges such as inequality, unemployment, climate change, deeply rooted institutional systems that entrench poverty and hunger, forgotten rights of the poor and the voiceless in society, dehumanizing deprivation, closing gender equality gap, provision of quality public healthcare, accountability for public resources, institutional integrity in managing public affairs and entrepreneurial innovation need long term and consistent engagement of stakeholders and informed thought leadership to create partnerships with effective institutional models for redress. These issues should also draw upon and leverage on private sector participation as a lifeline in order to generate viable business solutions over the long term. Businesses have more viable and profitable solutions to challenges of sustainable development.
In this regard, Public-Private Dialogues (PPD) readily becomes an effective avenue for pursuing participatory local governance models for buttressing sustainable development. PPD is a deliberate, well structured, participatory and inclusive approach to policy making. It is directed at reforming local governance and the business ecosystems especially where other policy institutions are under-performing.
At Serano Africa, we work with private sector and county governments to support them in creating a County Private Sector Alliance if they are to have effective priority dialogues to improve the flow of information relating to local priorities in socio-economic policy issues and build legitimacy into the policy process at the local levels. The PPD model seeks to overcome impediments to transparency and accommodate greater inclusion of stakeholders in decision-making for sustainable development.
Localized and well structured dialogue platforms have proven their ability to deliver results through buy-in for reforms, evidence-based policy formulation and inclusion of stakeholders, participatory policy making, easy feedback and information flow plus ring-fencing local institutional legitimacy for sustainable development. It is essential to note that governments that both listen to and work with the private sector are more likely to design credible reforms and win support for their policies thus increasing and deepening sustainable investments, improving inclusive development, achieving social cohesion, creating jobs to reduce unemployment and facilitating improved standards of well being for all citizens.
PPDs build transparency and accountability into policy making and policy implementation thereby holding to account both private and public sector stakeholders in the sustainable development process.
The World Bank notes that “a vibrant private sector is the main engine of sustainable economic growth and employment and an important pathway out of poverty. But governments establish the climate in which businesses operate. Business regulations that create a level playing field and provide strong property and investor protections are essential to a thriving private sector”
Reach out to us on email at email@example.com and benefit from technical expertise of our team members and partners who are highly experienced and knowledgeable to support you through the PPD Process for tangible results.