4.1: Private Markets
Support free markets and free trade to unleash the power of the private sector to promote economic growth and prosperity in
the United States and abroad.
Other Information:
The President’s 2006 National Security Strategy notes that “a strong world economy enhances our national security by advancing
prosperity and freedom in the rest of the world.” Working with other agencies, foreign governments, the private sector, and
multilateral institutions, we will support free markets and free trade to unleash the power of the private sector to promote
economic growth and prosperity in the United States and abroad. Private capital flows are an important resource for development
that can complement official development assistance. Investors, however, wisely avoid unpredictable investment environments.
For that reason, we will work with other nations and international organizations to assist countries committed to building
the capacity, institutions, and legal systems vital to enable economic good governance and other related reforms to take root.
Programs in these areas will complement broader good governance efforts. The Department and USAID will strengthen efforts
on corporate governance, accounting, and financial transparency. We also will strengthen efforts to combat corruption, including
through the National Strategy to Internationalize Efforts against Kleptocracy, the Anti-Bribery Convention of the Organization
for Economic Cooperation and Development (OECD), the UN Convention on Corruption, and the Extractive Industries Transparency
Initiative (EITI). We will also strengthen bilateral assistance that improves transparency and reduces opportunities for corruption
in customs, government procurement, and other public procedures. We will work to reduce pressures that contribute to illegal
immigration and the trafficking of persons, narcotics, and other illicit products.
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