Overseas Investment

Department for International Trade written question – answered on 30th July 2019.

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Photo of Dan Carden Dan Carden Shadow Secretary of State for International Development

To ask the Secretary of State for International Trade, what development outcomes his Department has set for the aid-funded Investment Promotion Programme.

Photo of Conor Burns Conor Burns The Minister of State, Department for International Trade

The Investment Promotion Programme (IPP) is intended to deliver the following outcomes in selected countries:

  • Sustainable job creation in decent work as defined by the International Labour Organisation (ILO)
  • Development of vital skills and technology transfer, leading to gains in productivity
  • Improvements in infrastructure and business integrity, leading to spillover effects across the economy.

In the long term these outcomes are expected to increase incomes and improve living standards for local populations, including women.

The IPP is currently in design and inception phase, more details of anticipated outcomes will be published in the Final Business Case.

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