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Information Economy Report 2011

ICTs as an Enabler for Private Sector Development

image of Information Economy Report 2011

One of the few monitoring global trends related to information and communication technologies (ICTs) from a development perspective, this publication is a valuable reference for policymakers in developing countries. Special attention is given to ICTs in accelerating private sector development (PSD) in developing countries. Many national and donor strategies related to PSD fail to take adequate account of the ICT potential, which has greatly expanded thanks to changes in the global ICT landscape. Different facets of the ICT-PSD interface are explored, including: ICT infrastructure as a factor in the investment climate; ICT use by the private sector; the ICT sector as a part of the private sector, and finally, ICT use in interventions aimed at facilitating PSD.

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Policy recommendations

Developing a thriving private sector is a priority for Governments in most developing countries. The private sector is an indispensable source of job creation, government revenue and economic diversification, all of which are keyfactors in achieving sustainable economic growth and development. From the perspective of facilitating PSD, this report has underlined the potential contributions that effective use of ICTs – in the private and the public sector– can make. While ICT use is not a panacea, it represents an untapped potential to accelerate progress in regard to PSD. The scope for leveraging such technologies has been greatly enhanced by recent changes in the ICT landscape, with many more MSEs now being exposed to affordable interactive communication tools.

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