PARLIAMENTARY WRITTEN QUESTION
CDC: Investment (22 July 2020)

Question Asked

To ask the Secretary of State for International Development, what investments the CDC Group has made since 2010.

Asked by:
Navendu Mishra (Labour)

Answer

CDC invests to achieve two key objectives: To support the business growth that lifts people out of poverty, and to make a financial return, which CDC then reinvests to improve the lives of people in Africa and South Asia. CDC have only made new commitments in Africa and South Asia since 2012. At the end of 2019, CDC had invested in 1,228 businesses - 690 in Africa and 377 in South Asia. In 2019, CDC made £1.66 billion of new commitments and increased its portfolio to £4.7 billion.

CDC publishes a full list of its new investment commitments each year in its Annual Reviews (2010 - present) which can be accessed online at www.cdcgroup.com/en/.


Answered by:
Sir James Duddridge (Conservative)
1 September 2020

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