Commonwealth Development Corporation: Grants
(asked on 18th October 2017) - View Source
Question to the Department for International Development:
To ask the Secretary of State for International Development, if she will publish projected disbursements by her Department to the Commonwealth Development Corporation in each of the next five years, setting out what percentage of her Department's budget that spending would represent in each case.
DFID’s projected investment in CDC to support the delivery of CDC’s five year strategy which runs from 2017 to 2021 is as follows:
Financial years | 2017/18 | 2018/19 | 2019/20 | 2020/2021 - | 2021/22 |
Projected DFID investment in CDC (£m) | 386 | 683 | 897 | 1,134 | NIL |
The projected investment in CDC for 2020/21 is indicative. Departmental budgets have yet to be agreed for 2020/21 and 2021/22.
DFID’s projected investment as percentage of DFID’s budget is as follows:
Financial years | 2017/18 | 2018/19 | 2019/20 |
Projected DFID budget (£m) | 10,373 | 10,753 | 10,481 |
Percentage share | 4% | 6% | 9% |
As set out in the business case, DFID’s funding to CDC is subject to market conditions and portfolio performance and will not be more than £3.515bn.