Government Overseas Aid Commitment: Private Investment

Part of the debate – in the House of Commons at 4:39 pm on 9th October 2018.

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Photo of Nick Herbert Nick Herbert Conservative, Arundel and South Downs 4:39 pm, 9th October 2018

My right hon. Friend is surely right to focus on the need to increase private sector investment in developing countries. However big the aid budget is, it will be dwarfed by private sector trade and investment flows, which are essential. Does she agree that aid is particularly important where private sector investment fails—for instance, in the development of new drugs that are essential to beat diseases such as tuberculosis?