The private sector turn: private equity, financial intermediaries and development

On November 22nd 2010, CounterBalance and the Bretton Woods Project hosted a conference in London on “The Private Sector Turn” – the increasing shift from public to private funding in development finance, the forms it takes and what it means for activists and affected people.

Andrew Watt of the European Trade Union Institute, laid out the mechanisms of private equity investment (part 1 of 2), concluding that while rates of return and value addition are excellent for investors, their social impacts are highly damaging and a wave of bailouts may be around the corner.

A summary of the day’s proceedings, including links to audio and presentations can be found here: http://brettonwoodsproject.org/art-567281