Global Philanthropists and European Development Cooperation

Abstract

This paper outlines general characteristics of global philanthropists and highlights areas for strengthened engagement among European development actors to facilitate a positive contribution of philanthropic actors to global development efforts.Key areas for further European engagement with philanthropists are the promotion of increased transparency in the philanthropic sector and the development of knowledge transfer mechanisms to foster mutual learning and facilitate complementarity among public and private development cooperation actors. In addition, the more prominent role assumed by philanthropic actors in development should provide a stimulus for European donors to reduce fragmentation within their aid systems and enhance internal coordination efforts