Question to the Department for International Development:
To ask the Secretary of State for International Development, what recent assessment he has made of the effectiveness of (a) CDC and (b) other organisations' investment decisions.
DFID undertakes a review every year of CDC’s performance against agreed objectives. These Annual Reviews are available via DFID’s online Development Tracker www.devtracker.dfid.gov.uk
In addition, in 2019, the Independent Commission on Aid Impact, carried out a major independent review of CDC’s investments in low income countries. Their report and DFID and CDC’s joint response are available on www.icai.independent.gov.uk/report/cdc
DFID similarly undertakes a review every year of the performance against objectives of each multilateral organisation that we provide funding to. These Annual Reviews are also available on www.devtracker.dfid.gov.uk.
We consider the capability and strategy of each organisation when deciding whether to provide funding that the organisation will then allocate and manage.