this strategy document, which was expanded and edited based on comments received through the two periods of the public consultation process, lays out a diagnosis of the key challenges facing development through the private sector and proposes five general areas for idb intervention. given the integrated nature of the bank's work with the private sector, an exclusive relationship does not exist between the psds and a single bank department. rather, close collaboration among both public sector/sovereign-guaranteed operations carried out under the vice presidency for sectors and knowledge (vps) and the vice presidency of countries (vpc) and private sector/non-sovereign guaranteed operations carried out under the vice presidency for private sector and non-sovereign guaranteed operations (vpp) was pursued throughout the preparation and drafting of the psds and will be critical for its successful implementation.