cdcgroup; CDC

Resource thumbail

Doing more harm than good: Why CDC must reform for people and planet

February 2020

This report details the failures of the government’s development bank, CDC, to invest in a just and responsible way. Despite a series of reforms and promises to change, CDC continues to invest heavily in unaccountable private equity funds around the world, giving money to projects with dubious development impact to make a high rate of return.

Aid
Resource thumbail

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.

Aid

The head of the National Audit Office (NAO) today said that it is a “significant challenge” for DFID’s private equity arm CDC “to demonstrate its ultimate objective of creating and making a lasting difference to people’s lives in some of the world’s poorest places,” as a new report was launched.

Subscribe to RSS - cdcgroup; CDC

Latest posts

There are currently no published blog posts available.

Resources

Resource thumbail

Doing more harm than good: Why CDC must reform for people and planet

February 2020

This report details the failures of the government’s development bank, CDC, to invest in a just and responsible way. Despite a series of reforms and promises to change, CDC continues to invest heavily in unaccountable private equity funds around the world, giving money to projects with dubious development impact to make a high rate of return.

Aid
Resource thumbail

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.

Aid

Latest news

The head of the National Audit Office (NAO) today said that it is a “significant challenge” for DFID’s private equity arm CDC “to demonstrate its ultimate objective of creating and making a lasting difference to people’s lives in some of the world’s poorest places,” as a new report was launched.