Commonwealth Development Corporation
(asked on 30th November 2016) - View Source
Question to the Department for International Development:
To ask the Secretary of State for International Development, what requests for capital funding were received by her Department from the Commonwealth Development Corporation/CDC Group in each of the last six years.
This question was answered on 5th December 2016
In 2014, CDC provided DFID with an Offering Memorandum setting out the case for and requesting additional capital in the amount of £735m. In accordance with the Share Subscription agreement signed in July 2015, DFID has provided CDC with two tranches of additional capital funding: £450 million in 2015 and a further £285 million in 2016. In total these amount to £735 million.