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Proceeding contribution from Lord Sarwar (Labour) in the House of Commons on Thursday, 14 July 2011. It occurred during Adjournment debate on Future of CDC.


Future of CDC

I wholeheartedly agree with the case that the Secretary of State makes for aid to India, and there was strong cross-party support for the report on India by the International Development Committee. I want to follow on from the question asked by my hon. Friend the Member for Birmingham, Northfield (Richard Burden). The issue is not about whether the private sector has a role to play in development—that is a given; the private sector is crucial if we are to develop underdeveloped nations. However, if the Department for International Development aims for 50% of its money to be spent in the private sector—as in India, for example—what percentage of that money will go through CDC? If the Department is making direct investment and not using a third-party organisation such as CDC, will that risk the integrity of DFID, which makes untied, direct grants and investments in a bilateral sense, rather than direct investments from which it looks for a return?


Secondary information

Type
Proceeding contribution
Reference
531 c175WH 
Session
2010-12
Chamber / Committee
Westminster Hall
Subjects
Debts Commonwealth Developing countries Development aid Investment Private sector Pay Management CDC
Link
View this Proceeding contribution on www.publications.parliament.uk