Developing Asian economies, including Bangladesh, Pakistan, and Sri Lanka face severe fiscal constraints and struggle to fund even basic government services.
Kithmina Hewage, the Senior Adviser at the Centre for Asian Philanthropy and Society, believes that there are a number of innovative tools by which governments can utilize cross-sectoral resources to address social needs, including public-private partnerships (PPPs), which can be set up by governments linking with companies’ corporate social responsibility arms as well as through direct engagement with management.
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