Climate Change

Department for International Development written question – answered on 21st January 2020.

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Photo of Jonathan Edwards Jonathan Edwards Shadow PC Spokesperson (Treasury), Shadow PC Spokesperson (Transport), Shadow PC Spokesperson (Foreign Intervention), Shadow PC Spokesperson (Business, Energy and Industrial Strategy)

To ask the Secretary of State for International Development, whether his Department has made an assessment of the potential for devolved institutions to further their commitment to climate change action by creating a development finance institution similar to the CDC.

Photo of Andrew Stephenson Andrew Stephenson Assistant Whip, Minister of State (Foreign and Commonwealth Office) (Joint with the Department for International Development)

DFID has made no assessment of the potential for devolved institutions to create their own development finance institution.

CDC is the UK’s development finance institution, wholly owned by the UK government. CDC’s mission is to support the growth of businesses in Africa and South Asia, to create jobs and make a lasting difference to people’s lives in some of the world’s poorest places. It does this work on behalf of the whole of the UK.

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