The Center for Global Development (CGD), an international development think tank, has published a new podcast on the work of development finance institutions (DFIs).
The podcast sees Diana Noble, Chief Executive of CDC, join Elizabeth Littlefield, the President of OPIC - the USA's DFI - in discussing the impact both organisations have in developing countries, as well as looking at what more they can do in future.
In it, Diana says that DFIs are an integral part of the sustainable development agenda: "If you provide wise financing with responsible investment practices to growing businesses, financial institutions and infrastructure projects in countries where this is needed, what results is economic growth, jobs and more taxes are paid."
You can listen to the podcast in full on the CGD 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.