Written question asked by Michael Moore (Liberal Democrat) on Thursday, 20 November 2008, in the House of Commons. It was due for an answer on Monday, 24 November 2008. It was answered by Douglas Alexander (Labour) on Wednesday, 26 November 2008 on behalf of the Department for International Development.

CDC

Question: To ask the Secretary of State for International Development pursuant to the written ministerial statement of 3 November 2008, Official Report, column 5WS, on CDC Group, what measures his Department has taken to fulfil the obligations of paragraph 9.1 of the New Investment Policy to (a) determine and (b) measure the (i) differentiation and (ii) added value of CDC investments.

Answer: DFID and CDC are working together to illustrate the ways in which CDC provides added value and differentiation. These include the extent to which CDC acts as a lead investor in funds, its role in attracting third party investment and its wider demonstration effect to private investors, including environmental, social and ethical standards.Determining additionality is a difficult challenge faced by all development finance institutions, and not only CDC. But CDC's new investment policy, which focuses very significantly more on poorer countries than other DFIs, is a major part of seeking to ensure that CDC's investments are additional.

Secondary information

Type: Written question
Reference: 483 c1805-6W; 239302
Session: 2007-08
Related items: CDC Group
Monday, 3 November 2008
Written statements
House of Commons
Subjects: CDC
Link: View this Written question on www.publications.parliament.uk