Julie Bishop & Michael Bloomberg: Collaboration with Private Sector Helps Aid
Originally posted in The Australian.
By Julie Bishop and Michael Bloomberg
With so many pressing needs around the world, governments and non-profit organisations have a responsibility to use foreign aid dollars as efficiently and effectively as possible, to create the best outcomes for the greatest number of people.
Doing that requires finding innovative new approaches to stubborn challenges — an idea that lies at the heart of an ambitious initiative that we will be helping to guide, called the innovationXchange, that’s being launched today by the Australian government.
The $140 million program will introduce new ideas to Australia’s aid program in a number of strategic areas, such as good governance, gender equality, education, food security and ocean health — with a focus on Southeast Asia and the Pacific. The innovationXchange will bring together leaders from governments, non-government organisations and business to lend their insights into how we can tackle big challenges more effectively.
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Julie Bishop is the Foreign Minister. Michael Bloomberg is a philanthropist, three-term mayor of New York City and founder of Bloomberg LP.
