The International Cooperation Strategy 2021–24 sees great potential in private sector engagement. The private sector creates around 90% of all jobs worldwide and has a key role to play in implementing sustainable development. The innovative power, expertise and resources of private-sector companies are necessary for the implementation of international cooperation activities. The Swiss Agency for Development and Cooperation (SDC) is diversifying and strengthening partnerships with the private sector, for example by working with social enterprises, impact investors and grant-making foundations.