Key Principles of the IsDB Business Model
From SDG Academy
To translate its core values into reality, IsDB has focused its efforts on a number of overarching principles. Although governments play an important role in economic and social development, they cannot play the role of markets. The main challenge for governments is how to make markets work for development. Governments must address constraints that lead to market failure and make markets benefit from economies of scale, economies of scope and positive externalities. The private sector is the driving force for short- and long-term development. Public-private partnerships, PPPs, will lead to higher quality, efficiency and job creation, reduce the burden on the state budget, and optimize the distribution of risk. Success in stimulating the private sector and mobilizing financial resources requires a healthy investment climate that mitigates and promotes governance and transparency. Science, technology and innovation, coupled with a commitment to support investment in human capital, is a key enabler for sustainable socio-economic development.
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