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1060474

	registered interest
	date	13/02/2019
	answering body	Department for International Development
	answering dept id	20
	answering dept short name	International Development
	answering dept sort name	International Development
	hansard heading	CDC: Poverty
	house id	1
	legislature	25259 pref label House of Commons
	question text	What steps she is taking to ensure that new investments made by the CDC Group contribute to poverty reduction.
	tabling member constituency	Bradford East
	tabling member printed	Imran Hussain
	uin	909200
	answer	answer is ministerial correction date of answer 13/02/2019 answer text <p>CDC invests to create jobs and reduce poverty. The five year Strategic Framework published in 2017 sets out steps CDC is taking to maximise the development impact of its investments. Almost 750,000 people are directly employed by companies supported by CDC in the poorest countries in Africa and South Asia.</p> answering member constituency Portsmouth North answering member printed Penny Mordaunt question first answered 13/02/2019 15:13:11 answering member 4017 label Biography information for Penny Mordaunt
	tabling member	4394 label Biography information for Imran Hussain

663008

	registered interest
	date	20/12/2016
	answering body	Department for International Development
	answering dept id	20
	answering dept short name	International Development
	answering dept sort name	International Development
	hansard heading	CDC: Poverty
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for International Development, what mechanisms her Department has in place to ensure that spending of public funds by the Commonwealth Development Corporation is focused on the reduction of poverty.
	tabling member constituency	Bury South
	tabling member printed	Mr Ivan Lewis
	uin	58567
	answer	answer is ministerial correction date of answer 09/01/2017 answer text <p>We have radically transformed CDC over the last five years to ensure their investments are targeted where they are needed most and have greatest impact in the world’s poorest places.</p><p>Since 2012, all new investments made by CDC have been focussed on Africa and South Asia where 80% of the world’s poorest live, and where CDC investment can have the greatest development impact. All investments made by CDC are made in accordance with the Investment Policy agreed with DFID. This ensures that CDC invests responsibly and transparently, creating jobs and promoting good governance.</p><p>Through its Development Impact Grid, developed in conjunction with DFID, CDC is incentivised to specifically invest in the poorer countries and regions and across those sectors that have the highest propensity to create jobs, such as infrastructure, agribusiness and financial services. Creating jobs for the world’s poorest countries is a key driver in reducing poverty. In 2015, CDC-backed businesses helped create over a million new direct and indirect jobs (41% Africa and 59% South Asia).</p> answering member constituency Penrith and The Border answering member printed Rory Stewart question first answered 09/01/2017 17:00:03 answering member 4137 label Biography information for Rory Stewart
	tabling member	441 label Biography information for Mr Ivan Lewis