The U.S. Agency for International Development (USAID) announced partnerships with three businesses: Swiss Re, HP and Green Mountain Coffee Roasters. USAID and Swiss Re announced a three-year partnership to help vulnerable communities fight hunger, build resilience to climate change, and reduce the costs of natural disasters in the Americas, Africa and Asia. The partnership will provide better access to customized, market-based insurance products so that poor farmers and their families will be better able to prepare for and cope with the impacts of the droughts, floods and other severe weather events that are predicted to become increasingly common as the climate changes.
USAID and HP announced that they will seek to collaborate on projects that promote science, technology, engineering, and mathematics programs, global health, the development of responsible mineral trading systems and other programs that support economic opportunity through entrepreneurship. USAID and Green Mountain Coffee Roasters, announced that they will work together to strengthen social, economic and environmental development in coffee growing communities throughout Latin America and the Caribbean.
Partnerships between US governments and the private sector have long been a feature of the aid and development landscape, however with increasing pressure to reduce public expenditure and support American business, we expect partnerships like this to become more frequent.