CDC’s investments in low-income and fragile states

The UK’s multi-billion pound development finance institution did not do enough to maximise the impact of its UK aid investments.

Score: Amber/Red
  1. Status: Completed
  2. Published: 26 March 2019
  3. Type: Performance review
  4. Subject: Development finance
  5. Assessment: Amber/Red
  6. Location: Kenya, Malawi, Nigeria, Tanzania
  7. Lead commissioner: Richard Gledhill
  8. SDGs covered:No poverty, Decent work and economic growth

Government response

The government publishes a response to all ICAI reviews, indicating whether they ‘accept’, ‘partially accept’ or ‘reject’ each of ICAI’s recommendation and setting out the management actions that they propose to take in response.

The government response to our CDC review is available to read online.

Timeline

Approach

Published 29 May 2018

Evidence gathering

Complete

Review publication

Published 26 March 2019

Government response

Published 7 May 2019

Parliamentary scrutiny

IDC hearing 22 May 2019

ICAI follow-up

Published 23 July 2020

Further follow-up

Published 23 June 2021