SDG 17 aims to support the implementation of the SDG by facilitating collaboration between governments, civil society, the private sector, academia, and other stakeholders. SDG 17 thus also emphasises the importance of development partnerships with the private sector (DPD). High levels of investment are needed to meet the financial requirements necessary to
implement the SDGs in the countries of the Global South. These investments cannot be covered by the public sector alone. The targeted involvement of the private sector in development cooperation has the potential to generate additional, mobilise private funds for development projects and promote socio-ecological economic transformation. The involvement should, for example, help to train local skilled workers, create good jobs, introduce social and environmental standards or pilot innovative technologies. Conversely, the private sector benefits from access to public funds and the development of new markets.
But what concrete contribution can the (private) sector make to the implementation of the 2030 Agenda in countries of the Global South? And can cooperation with the private sector serve as a driver for sustainable development?
