Commonwealth Development Corporation: Coronavirus

(asked on 2nd June 2020) - View Source

Question to the Department for International Development:

To ask Her Majesty's Government what recent discussions they have had with representatives of the Commonwealth Development Corporation on adapting its investments and programmes in response to the COVID-19 pandemic.


Answered by
Baroness Sugg Portrait
Baroness Sugg
This question was answered on 15th June 2020

DFID ministers and officials are in frequent discussions with CDC’s Chair and Executive Leadership Team as the institution delivers its response to the COVID-19 crisis. Most recently, both the Secretary of State and the Minister for Africa held a productive discussion on 6 May 2020 with the CEO and Chair of CDC. As a long-term investor focussed on delivering development impact, CDC is taking a targeted response that preserves, strengthens and helps rebuild economies across Africa and South Asia to mitigate the economic and health impacts of COVID-19. As well as providing additional capital to help firms weather the crisis and meet immediate liquidity needs, CDC has also launched an Emergency Technical Assistance Facility and published advice on its website (https://www.cdcgroup.com/covid-19) on measures that companies should take to protect the health and safety of employees and customers and protect jobs.

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