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What is the future of the third sector and its contribution to development finance?

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  • Malcolm R. Boyd

    (Third Sector Insights)

Abstract

Definition of the third sector “That part of an economy or society comprising non-governmental and non-profit-making organisations or associations, including charities, voluntary and community groups, cooperatives, etc.”. The third sector, also known as the nonprofit sector, the social sector, or civil society plays a crucial role in Development Finance and is expected to have a significant impact on the future. The third sector encompasses a wide range of organizations, including non-governmental organizations (NGOs), charities, foundations, and social enterprises. These organizations are typically driven by a mission to address social, environmental, or humanitarian issues rather than pursuing profits using for-profit and nonprofit models. This article some key trends and insights on the future of the third sector and its contribution to development finance.

Suggested Citation

  • Malcolm R. Boyd, 2023. "What is the future of the third sector and its contribution to development finance?," Development Finance Agenda, Chartered Institute of Development Finance, vol. 8(9), pages 1-14.
    • Handle: RePEc:afj:journ4:v:8:y:2023:i:9:p:14
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    File URL: https://journals.co.za/doi/abs/10.10520/ejc-defa_v8_n9_a5
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