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 Group plc is the UK’s development finance institution. Wholly owned by the UK Government, it invests in sub-Saharan Africa and South Asia with the aim of supporting economic development to create jobs. CDC takes a flexible approach and provides capital in all its forms, including equity, debt, mezzanine and guarantees, to meet businesses’ needs and achieve development impact. CDC has net assets of £4.8bn.