How we partner
How we partner
The COVID-19 global pandemic is currently the over-riding challenge for the Indo-Pacific region with impacts being felt across countries and economies, including for business.
The private sector, both in Australia and in our region, is an essential source of finance, insights and ideas to tackle the unprecedented challenges of the pandemic. The private sector will also be a critical accelerator of inclusive growth that enhances gender equality and social inclusion, and supports green and resilient economic recovery.
Why partnership with business?
The BPP works with businesses under a partnership model. Partnerships are defined by agreement on shared priorities, open communication and accountability, sharing of risks and benefits, and recognising and responding to each other’s strengths to add value in their joint collaboration.
Businesses partnering with Australian Department of Foreign Affairs (DFAT) under the BPP may assist DFAT through:
- Business insights and ideas to tackle the unprecedented challenges of COVID-19 recovery.
- Private sector efficiencies, innovation and ingenuity.
- Finance to leverage development program funding and private sector resources to achieve greater impact at scale.
How the BPP supports businesses
The BPP helps guide partners through the collaborative work process using a partnership framework with accredited partnership brokers to help facilitate and support strong partnerships.
The BPP can provide partners with access to DFAT’s resources, including:
- Convening, brokering, networks and influence in partner countries.
- Deep knowledge of development as well as the business, political and regulatory environment in partner countries.
- Expertise in development program management, safeguards, and gender and disability inclusion.
- Support in creating a more attractive business operating environment through its broader policy reform and governance programs.
- Catalytic funding to encourage and support businesses and other organisations looking to increase commercial and social returns in line with the Australian development program’s strategic priorities.
The benefits of partnership
Working in partnership can deliver greater results than could otherwise be achieved. Successful partnerships often:
- Enable partners to work towards shared objectives.
- Embed the initiative into the core business of the partners.
- Achieve sustainable and measurable development impact.
- Are likely to be sustained and scaled beyond the funding period.
- Result in a deeper and sustained partnership.
