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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 his Department's timescale is for the principle to work overtime to apply relevant international best practice standards, as set out in the Investment Code.
Answer

CDC is currently working with around 60 investment fund managers of differing experience and sophistication, which in turn are investing in some 600 businesses in developing countries. CDC has made good progress in raising the standards applied by the fund managers in which it invests, and has different timescales with different fund managers according to the nature of the challenges to be addressed in each case.


Secondary information

Type
Written question
Reference
483 c1807W; 239306
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