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Myanmar: CDC

Foreign, Commonwealth and Development Office written question – answered on 15th February 2021.

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

To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, whether he plans to review or suspend CDC investments in Myanmar as a result of the military coup in that country.

Photo of Nigel Adams Nigel Adams Minister of State (Foreign, Commonwealth and Development Office)

CDC has no investments in military or state-owned companies in Myanmar and does not directly work with or partner with the government. Over the past two years, CDC has tightened its due diligence process to mitigate the risk of UK funds going to military owned companies.

CDC is reviewing the impact of the 1st February Myanmar coup on its investments in the country.

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  • (Citation: HC Deb, 15 February 2021, cW)