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Briefing: Making CDC work for people and planet

November 2019

This briefing highlights some of the major problems with the CDC and the projects it funds. We believe that these problems are not aberrations but are a product of the type of organisation CDC is. CDC needs a new, legally-binding mandate which commits it to reducing poverty, closing global inequalities, doing no harm to the climate and facilitating a just, green transition to renewable energy as its driving objectives, for which its board can be held legally accountable. We propose that CDC should be transformed into an international Green Investment Bank, with the ability to lend to local and national governments in developing countries, and with other donors who share this reformed vision being invited to contribute to its finance and governance.