The USAID Finance and Investment Network: Why Working with New and Underutilized Partners Contributes to Better Development Results

Speeches Shim

As the world’s development challenges become more complex, the United States Agency for International Development (USAID) recognizes that many problems can only be solved through co-designing market-based solutions with the private sector. USAID is uniquely positioned to play an important role in mobilizing private capital into high-impact areas that align with its development goals. However, facilitating these investments requires working with private sector firms that have valuable sector-specific expertise, including many organizations that have not worked extensively with USAID in the past. (USAID refers to these firms as “new and underutilized partners.”)

New and underutilized partners often have niche expertise informed by on-the-ground experience. They bring different perspectives, distinct skillsets, and fresh insights to solving development challenges. USAID recognizes that new partners, especially small and local firms, can strengthen local capacity, provide specialized know-how, and deepen local markets. As a result, contracting with new and underutilized partners can lead to better, more sustainable development results. Unfortunately, these firms often don’t have much experience with, or many resources to dedicate to, proposal submissions or government contracting paperwork.

Date 
Friday, September 10, 2021 - 3:30pm

Last updated: September 10, 2021