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Burma: CDC

Department for International Development written question – answered on 18th May 2020.

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Photo of Stephen Doughty Stephen Doughty Shadow Minister (Foreign and Commonwealth Affairs), Shadow Minister (International Development)

To ask the Secretary of State for International Development, whether her Department routinely assesses CDC investments against her Department's partnership principles; and what assessment her Department has made of CDC's recent investment in Frontiir in Myanmar against those principles.

Photo of James Duddridge James Duddridge Parliamentary Under-Secretary (Foreign and Commonwealth Office) (Joint with the Department for International Development)

The Partnership Principles play an important role in the UK Government’s decision-making process, helping to inform the extent to which we work directly with partner governments in countries where we have a bilateral aid programme.

CDC invests in private companies to achieve development impact. It does not lend to governments or invest in state owned enterprises. The Partnership Principles do not readily apply when making investments in private companies, however CDC nonetheless ensures that all its investee companies meet high environmental, social and governance standards through their Code of Responsible Investing.

CDC’s investment into Frontiir followed their Code of Responsible Investing.

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