Part of the debate – in the House of Lords at 2:30 pm on 4 March 2002.
My Lords, the CDC operates within a clearly laid down investment policy. The important points of that policy include a requirement that the CDC should make 70 per cent of new investments, measured over a five-year rolling period, in poorer developing countries and that each year it should seek to make 50 per cent of new investments in sub-Saharan Africa and south Asia. Those are the parameters within which the investment policy operates and the CDC is meeting those investment parameters.