Commonwealth Development Corporation

Part of the debate – in the House of Lords at 2:30 pm on 4 March 2002.

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Photo of Lord Redesdale Lord Redesdale Liberal Democrat 2:30, 4 March 2002

My Lords, does the Minister agree that one reason why many noble Lords supported the passage of the Commonwealth Development Corporation Bill was that we saw it as a means of increasing the development potential of the CDC? The investment targets that have been set and the removal of offices from countries such as Mozambique give the impression that the CDC is now interested in profit rather than development criteria.