The global wealth is unevenly distributed, with only a small percentage of people owning a large portion of it. To reduce poverty and create a more equal world, all stakeholders need to work together. Developing the private sector is a key way to lift people out of poverty and improve living standards. When a country's private sector thrives, it leads to economic growth, better quality of life, and stronger governance. Governments are focusing on policies that support private sector development to achieve these goals.