Partnerships that profit the poor

Author: Sarah Murray, Financial Times, Published on: 30 March 2005

...the United Nations Development Programme...is brokering partnerships between companies and non-governmental organisations or local government bodies...the UNDP hopes that, through alliances such as this [project involving ABB & World Wildlife Fund in Tanzania], it can reduce investment risk sufficiently to encourage foreign and domestic companies to invest in commercially viable businesses that will foster growth in developing countries...Richard Sandbrook, special adviser to the UNDP, believes that...the profit-making element...is crucial. "Unless there's a rate of return, achieving the [UN] Millennium Development Goals becomes a perpetual sink on public finance," he says...So far, companies such as Ericsson, Unilever, Total, Tetra Pak, Shell, Thames Water [part of RWE] and EDF are participating...

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Related companies: ABB EDF Ericsson RWE Shell Tetra Laval Tetra Pak (part of Tetra Laval) Thames Water (part of RWE) Total Unilever