MFAN Statement: Chabot-Isakson Bill Highlights Critical Role of Private Sector in Effective Development

August 2, 2012 (WASHINGTON) – This statement is delivered on behalf of the Modernizing Foreign Assistance Network (MFAN) by Co-Chairs David Beckmann, George Ingram and Jim Kolbe:

MFAN applauds Representative Steve Chabot (R-OH) for introducing H.R. 6178, which calls for the U.S. government to establish a more effective working relationship with private sector companies that are making critical investments in alleviating poverty, fighting disease, and bolstering economic growth in developing countries. The bill already has bipartisan cosponsors in the House, and companion Senate legislation (S.3495), introduced by Senator Johnny Isakson (R-GA), has gained support from members of both parties as well.

Both the Obama Administration and the George W. Bush Administration have made positive changes in U.S. global development policy to leverage the private sector’s expertise, resources, and reach, but more needs to be done to fully realize the promise of a closer and better coordinated partnership. Congressman Chabot’s bill drives significant progress by calling for the establishment of a centralized point of contact for companies that are working on development issues, while also mandating more consistent engagement on the ground in emerging markets. These steps would remedy problems of coordination and communication that have existed for decades.

At a time of economic challenges when funding from many donor countries is stagnant, we must establish a stronger partnership on development with the private sector. We look forward to working with Congressman Chabot, Senator Isakson, and other supporters to successfully pass the House and Senate bills.

 

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