• News
    • Latest news
    • News search
    • Health
    • Finance
    • Food
    • Career news
    • Content series
    • Try Devex Pro
  • Jobs
    • Job search
    • Post a job
    • Employer search
    • CV Writing
    • Upcoming career events
    • Try Career Account
  • Funding
    • Funding search
    • Funding news
  • Talent
    • Candidate search
    • Devex Talent Solutions
  • Events
    • Upcoming and past events
    • Partner on an event
  • Post a job
  • About
      • About us
      • Membership
      • Newsletters
      • Advertising partnerships
      • Devex Talent Solutions
      • Contact us
Join DevexSign in
Join DevexSign in

News

  • Latest news
  • News search
  • Health
  • Finance
  • Food
  • Career news
  • Content series
  • Try Devex Pro

Jobs

  • Job search
  • Post a job
  • Employer search
  • CV Writing
  • Upcoming career events
  • Try Career Account

Funding

  • Funding search
  • Funding news

Talent

  • Candidate search
  • Devex Talent Solutions

Events

  • Upcoming and past events
  • Partner on an event
Post a job

About

  • About us
  • Membership
  • Newsletters
  • Advertising partnerships
  • Devex Talent Solutions
  • Contact us
  • My Devex
  • Update my profile % complete
  • Account & privacy settings
  • My saved jobs
  • Manage newsletters
  • Support
  • Sign out
Latest newsNews searchHealthFinanceFoodCareer newsContent seriesTry Devex Pro
    • News
    • UK Aid

    Minister rejects calls to rein in UK investment arm over spending

    Calls for the U.K.’s controversial development investment arm to be put under tighter government control because of concerns over its spending and use of tax havens have been rejected by a minister.

    By Rob Merrick // 07 June 2023

    Calls for the United Kingdom’s controversial development investment arm to be put under tighter government control because of over spending and use of tax havens concerns have been rejected by a minister.

    At a parliamentary inquiry on Tuesday, British International Investment was criticized for funding fossil fuel projects and for investments in partnership with rich “elite” business leaders, often in middle-income countries, or funneled through Mauritius and the Cayman Islands.

    But Andrew Mitchell, the development minister, brushed off the criticism, arguing the U.K.’s development finance institution was the “best in the world” and should not be “interfered with.”

    This article is free to read - just register or sign in

    Access news, newsletters, events and more.

    Join usSign in

    More reading:

    ► 2021 a record year for BII ahead of transition to new name, strategy

    ► What will FCDO's British Investment Partnerships do for development? (Pro)

    ► British International Investment CEO won’t heed Truss' China remarks

    • Banking & Finance
    • Funding
    • Trade & Policy
    • British International Investment (BII)
    • United Kingdom
    Printing articles to share with others is a breach of our terms and conditions and copyright policy. Please use the sharing options on the left side of the article. Devex Pro members may share up to 10 articles per month using the Pro share tool ( ).

    About the author

    • Rob Merrick

      Rob Merrick

      Rob Merrick is the U.K. Correspondent for Devex, covering FCDO and British aid. He reported on all the key events in British politics of the past 25 years from Westminster, including the financial crash, the Brexit fallout, the "Partygate" scandal, and the departures of Boris Johnson and Liz Truss. Rob has worked for The Independent and the Press Association and is a regular commentator on TV and radio. He can be reached at rob.merrick@devex.com.

    Search for articles

    Related Stories

    UK AidFormer UK development minister 'absolutely horrified' by foreign aid cut

    Former UK development minister 'absolutely horrified' by foreign aid cut

    UK aidUK changes this year’s aid spend again with new estimates

    UK changes this year’s aid spend again with new estimates

    UK AidUK will slash billions in aid spending to fund larger military

    UK will slash billions in aid spending to fund larger military

    Devex Pro InsiderDevex Pro Insider: USAID heads to the Supreme Court, and UK aid minister resigns

    Devex Pro Insider: USAID heads to the Supreme Court, and UK aid minister resigns

    Most Read

    • 1
      How to use law to strengthen public health advocacy
    • 2
      Lasting nutrition and food security needs new funding — and new systems
    • 3
      The power of diagnostics to improve mental health
    • 4
      Supporting community-driven solutions to address breast cancer
    • 5
      Opinion: Urgent action is needed to close the mobile gender gap
    • News
    • Jobs
    • Funding
    • Talent
    • Events

    Devex is the media platform for the global development community.

    A social enterprise, we connect and inform over 1.3 million development, health, humanitarian, and sustainability professionals through news, business intelligence, and funding & career opportunities so you can do more good for more people. We invite you to join us.

    • About us
    • Membership
    • Newsletters
    • Advertising partnerships
    • Devex Talent Solutions
    • Post a job
    • Careers at Devex
    • Contact us
    © Copyright 2000 - 2025 Devex|User Agreement|Privacy Statement