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registered interest false more like this
date less than 2020-07-22more like thismore than 2020-07-22
answering body
Department for International Development more like this
answering dept id 20 remove filter
answering dept short name International Development more like this
answering dept sort name International Development more like this
hansard heading CDC: Investment more like this
house id 1 remove filter
legislature
25259
pref label House of Commons more like this
question text To ask the Secretary of State for International Development, what assessment she has made of the compatibility of CDC Group investments in luxury brands and hotel chains with its mission statement to make a lasting difference to people’s lives in some of the world’s poorest places. more like this
tabling member constituency Stockport more like this
tabling member printed
Navendu Mishra more like this
uin 78898 remove filter
answer
answer
is ministerial correction false more like this
date of answer less than 2020-09-01more like thismore than 2020-09-01
answer text <p>All of CDC's investments undergo a comprehensive and systematic assessment of their expected development impact using internationally recognised best practice methods. A team of over 60 development specialists work to ensure that each investment brings about a positive economic, social and environmental change in support of the UN's Sustainable Development Goals.</p><p>CDC invests to support the growth of companies that create employment and help transform economies, through the goods and services they produce and sell and the local taxes they generate. In 2019, CDC invested in businesses in Africa and South Asia that employed 875,790; generated 57 terawatt hours of electricity; and its agricultural investments sourced from 1.84 million farmers.</p><p>Africa needs increased economic infrastructure to unlock its full economic potential and achieve the Sustainable Development Goals. CDC's primary aim when investing into the hotel sector is to create more and better jobs in countries that desperately need them. In addition, these investments support both local and national economic growth. For example, by purchasing goods and services from local suppliers, and by improving economic infrastructure.</p><p>Information about CDC's approach to assessing and monitoring the development impact of its investments is available on its website.</p>
answering member constituency Rochford and Southend East more like this
answering member printed James Duddridge more like this
question first answered
less than 2020-09-01T08:10:04.877Zmore like thismore than 2020-09-01T08:10:04.877Z
answering member
1559
label Biography information for Sir James Duddridge more like this
tabling member
4811
label Biography information for Navendu Mishra more like this