Private sector pushed into poverty reduction front line
The role of business in helping the world’s poorest countries to break out of poverty has been underlined by the international community.
The first major development conference of the decade, the meeting of the so-called Least Developed Countries or LDCs is currently taking place in Istanbul, Turkey; the private sector is for the first time playing a central role.
There are 48 LDCs, mainly in Africa. They’re characterized by poverty, poor governments and inadequate infrastructure.
Daniel Dickinson asked Georg Kell, the Executive Director of the Global Compact, a UN organization that promotes good corporate governance, if business alone can pull the LDCs out of poverty.