Partl M., Kabát L.
Abstract
Private finance and investment are necessary for achieving sustained economic growth in less developed countries
and consequently for reaching the internationally recognized Millennium Development Goals (MDGs). One of the
most important tasks for developing countries representatives is to create climate that stimulates private finance and
investment as well as public-private partnerships. Unfortunately, only a few developing countries are able to reach
sufficient amount of domestic and foreign capital themselves. Capital, after being accumulated, can be effectively
used as a main tool in fight against poverty, hunger, better access to education, diseases and other related issues.
Key words:
Millennium Development Goals, private finance, developing countries, Official Development
Assistance, Foreign Direct Investment, least developed countries