Developing Countries: Overseas Investment

Department for International Development written question – answered on 23rd January 2020.

Alert me about debates like this

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, what recent assessment he has made of the effectiveness of (a) CDC and (b) other organisations' investment decisions.

Photo of Andrew Murrison Andrew Murrison Minister of State (Foreign and Commonwealth Office) (Joint with the Department for International Development)

DFID undertakes a review every year of CDC’s performance against agreed objectives. These Annual Reviews are available via DFID’s online Development Tracker www.devtracker.dfid.gov.uk

In addition, in 2019, the Independent Commission on Aid Impact, carried out a major independent review of CDC’s investments in low income countries. Their report and DFID and CDC’s joint response are available on www.icai.independent.gov.uk/report/cdc

DFID similarly undertakes a review every year of the performance against objectives of each multilateral organisation that we provide funding to. These Annual Reviews are also available on www.devtracker.dfid.gov.uk.

We consider the capability and strategy of each organisation when deciding whether to provide funding that the organisation will then allocate and manage.

Does this answer the above question?

Yes1 person thinks so

No2 people think not

Would you like to ask a question like this yourself? Use our Freedom of Information site.