The Department for International Development (DFID) published its Economic Development Strategy 2017 this week.
The publication sets out how DFID will stimulate economic growth, helping to create jobs and leading to wider prosperity across developing countries. As DFID’s principal partner for investing development capital, we are an integral part of its strategy – our patient, long term finance helps businesses to grow and often paves the way for commercial investors to follow.
Priti Patel, Secretary of State for International Development, writes: “Our ambition must be to create an unprecedented increase in the number and quality of jobs in poor countries; enable businesses to grow and prosper; and support better infrastructure, technology, connectivity and a skilled and healthy workforce.”
You can read DFID’s Economic Development Strategy 2017 on the Gov.uk website here.
CDC is the UK government-owned development finance institution. CDC’s mission is to support the building of businesses throughout Africa and South Asia, to create jobs and making a lasting difference to people’s lives in some of the world’s poorest places.
We provide investment capital in all its forms, including equity, debt, mezzanine and guarantees, and this capital is typically used to fund growth. This capital is provided directly and through fund managers that are aligned with our aims.
CDC uses its own balance sheet to invest and has net assets of £3.4bn.