The International Development Committee launched an inquiry on Investment for Development: the UK’s strategy towards development finance institutions and the effectiveness of aid spending through British International Investment (BII). This inquiry assessed whether BII is best placed to deliver impact and value for the UK taxpayer, given that a greater proportion of the future aid budget will be delivered through BII.
In the report now published the House of Commons International Development Committee sets out the steps the UK’s development finance institution must take to improve oversight, transparency and accountability, after evidence that some investments do not have a clear poverty focus, are in conflict with the UK Government's policies or may actually have harmed society and the environment.
Read the Report: Investment for development: The UK's strategy towards Development Finance Institutions
Read the Government response: Investment for Development: The UK's strategy towards Development Finance Institutions