Private enterprises are the engine of economic growth in emerging economies. To stimulate private sector participation, investment opportunities need to be complemented by the availability of investment capital, appropriate legal and policy frameworks, and well-functioning labour markets.

Institutional weaknesses are one of the major reasons for poor development performance, as highlighted in the World Development Report of 2002. Poorly functioning institutions lead to wasted resources, inadequate infrastructure, shortages of supplies, corruption, poor quality of care, and a demotivated and insufficiently skilled workforce.

Institutional capacity building is a dynamic process which requires sensitivity to the external environment in which an organisation operates, as well as an understanding of the internal factors which need addressing to promote sustained change. Successful institutional capacity building is based not just on technical competence but on building trust, identifying and working with drivers for change, and involving all key internal and external stakeholders.

Venco Corp helps clients meet these fundamental criteria through supporting reforms that enable growth in the private sector, enhancing entrepreneurship by identifying sound business opportunities, developing accounting and financial control systems, and helping to create workable corporate governance.