Local Private Sector Partnerships: Assessing the State of Practice is the first broad assessment of the state of practice in USAID’s local private sector partnerships (LPSPs). It focuses on collaborations where local firms co-invest with the Agency around areas of mutual interest. Drawing on the insights of more than thirty USAID colleagues around the world and in Washington, the paper explores the dynamics of USAID’s partnerships with local private sector actors and how they differ from USAID’s partnerships with multinational companies.