Mohieldin says sustainable development in the Arab world comes with private sector partnership
Mahmoud Mohieldin: The Arab world needs to accept the private sector as a partner in creating sustainable development. “Arab countries must move fast to build a more sustainable economy, underpinned by greater private-sector creativity and vitality, improved public services, and the creation of regional and global public goods,” World Bank Group Senior VP and former Egyptian Investment Minister Mahmoud Mohieldin writes in Project Syndicate. Countries in the region need to remedy disparities in access to education, training, and health care and secure funds from international institutions as well as do more to encourage the private sector to invest in sustainable development. Mohieldin says “the ranks of businesses supporting the transition to a sustainable economy are growing. But, to complete that transition, particularly in Arab countries, many more companies and other private-sector entities will need to step up… Now as much as ever, the region has the people, resources, and opportunity to thrive.”