The below Parliamentary question was asked by Lord Steel of Aikwood on 2014-06-09.
To ask Her Majesty’s Government whether they consider investment by the Commonwealth Development Corporation in luxury construction projects is consistent with the Department for International Development’s overall objectives in developing countries.
Baroness Northover
In 2013, CDC’s 1,300 investee companies directly employed over a million people, and created more than 68,000 net new jobs.
Individual investments are fully decided by CDC and the Government has put in place strict rules which require commitments to deliver jobs, economic development and poverty alleviation in developing countries.