U.K. Foreign Secretary Liz Truss is “putting investment very much at the center of her foreign policy discussions,” according to the head of the United Kingdom’s development finance institution.
“I think she sees correctly that the U.K. has got a significant competitive advantage when it comes to finance and investment through having the world’s largest financial center situated [in London], and she wants to leverage that,” Nick O’Donohoe, chief executive of CDC Group, told Devex in an interview.
His remarks came shortly after Truss announced CDC Group — which is owned by the Foreign, Commonwealth & Development Office — is undergoing reforms, including being renamed “British International Investment” in April 2022.