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    United Kingdom

    By Devex Editor // 06 November 2008

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    The British government has ordered CDC Group, its agency for investment in private businesses in developing countries, to increase its investments in the world's poorest nations. In a statement to parliament on Nov. 4, Douglas Alexander, Secretary of State for International Development, said that in the 2009-2013 period CDC will make more than 75 percent of its new investment in countries with an annual gross national income (GNI) per capita of less than USD 905. (Reuters)

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        Thanks a lot for your interest in Devex News. To share news and views, story ideas and press releases, please email editor@devex.com. We look forward to hearing from you.

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      Related Stories

      UK AidRelated Stories - Watchdog warns UK aid risks ‘strategic drift’ away from the neediest

      Watchdog warns UK aid risks ‘strategic drift’ away from the neediest

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