In the framework of the Global Partnership for Effective Development Co-operation (GPEDC), a set of principles has been developed to improve the quality of partnerships between development partners and the private sector. The principles are for voluntary use by all stakeholder groups including governments, domestic and international businesses, business associations, micro-, small- and medium-sized enterprises (MSMEs), development partners, trade unions, civil society, research institutions and foundations. They were endorsed by the Steering Committee of the Global Partnership in Kampala, Uganda in March 2019.
The Kampala Principles promote ownership of private sector engagement (PSE) through development co-operation by partner countries and ensure the alignment of PSE projects and programmes with national sustainable development priorities. They focus on realising sustainable development results and serve as a basis for inclusive dialogue and more effective partnerships. The principles support greater transparency and accountability and address the heightened commercial and other risks for partners involved in PSE through development co-operation when targeting those furthest behind.
The five mutually reinforcing Principles are:
1. Inclusive country ownership: Strengthening coordination, alignment and capacity at the country level.
2. Results and targeted Impacts: Releasing sustainable development outcomes through mutual benefits.
3. Inclusive partnership: Foster trust through inclusive
dialogue and consultation.
4. Transparency and accountability: Measuring and disseminating sustainable development results for learning and scaling up of successes.
5. Leave no-one behind: Recognising, sharing and mitigating investment risks for all partners.