Previous Section | Index | Home Page |
Mr. Andrew Turner: To ask the Secretary of State for Transport, Local Government and the Regions what steps he is taking to (a) safeguard the secrecy of the ballot, (b) protect voters from intimidation and (c) ensure that postal votes are completed by the voter to whom they belong, in postal ballots. [59174]
Ms Yvette Cooper: I have been asked to reply. We recognise that it is essential to make sure that new methods of voting do not undermine the integrity and security of the election process. Safeguards in relation to the postal voting have been in place for many years, and we have no reason to believe that they do not operate satisfactorily in all postal ballots. The Electoral Commission is evaluating the local authority pilot schemes that ran all postal ballots in the May 2002 local and mayoral elections, including issues such as security and privacy. The Commission will publish its report on 1 August 2002.
Gregory Barker: To ask the Secretary of State for International Development, if she will list (a) those to whom CDC Capital Partners' sold its enterprise investments in the last three years and (b) the enterprise investments sold to them. [67390]
Clare Short [holding answer 11 July 2002]: In the last three years, CDC has sold the following significant equity investments to the following companies:
19 Jul 2002 : Column 575W
Investment | Buyer |
---|---|
Tip Top (Nicaragua) | Sun Valley Foods (Cargill Inc) |
Usutu Pulp (Swaziland) | Sappi |
Industrial Credit Company (Zambia) | Loita Capital Partners |
Nanga Farms (Zambia) | Incumbent management team |
PT Semen Andalas, (Indonesia) | Lafarge |
2001:
Investment | Buyer |
---|---|
Housing Development Finance Corp (India) | Swiss Re Insurance Group |
Pan Africa Cement | Lafarge |
Zambia Sugar Corporation | Illovo Sugar |
Eutco, Kawalazi, Sable (Tanzania and Malawi) | Global |
Rwenzori Highlands Tea, Uganda | James Finlay |
CG Glass, (India) | Koninklijke Philips Electronics |
There have been no outright disposals so far in 2002.
Gregory Barker: To ask the Secretary of State for International Development, if she will break down by (a) region and (b) sector the representations her Department has received regarding the environmental impact of CDC Capital Partners' investments since 1997. [67367]
Clare Short [holding answer 11 July 2002]: In 1999 my Department received a representation concerning orange peel waste deposit by CDC in the Area de Conservacion Guanacaste, Costa Rica, under a local agreement. This was part of an experiment to recycle organic material to rehabilitate an area of degraded cattle pasture. In 2000 and 2001 representations were received concerning deforestation issues relating to oil palm plantations respectively in Indonesia and Papua New Guinea. The latter included concerns about protection of the habitat of the Queen Alexandra's Birdwing Butterly.
Gregory Barker: To ask the Secretary of State for International Development, if she will list the debts to the Treasury by CDC Capital Partners. [67388]
Clare Short [holding answer 11 July 2002]: CDC owes Government £755m in respect of loans made to CDC by my Department in the past. These were in the form of exchequer advances funded from the development assistance programme. CDC does not owe any debt to HM Treasury.
Gregory Barker: To ask the Secretary of State for International Development, what criteria are used in determining annual performance-related bonuses to CDC Capital Group executives [67371]
Clare Short [holding answer 11 July 2002]: The annual bonus pool, from which individual bonuses are paid, is determined by the Board from a set of objectives which is agreed each year. These objectives cover the areas of financial performance, portfolio management and non-financial factors, and are weighted appropriately:
Financial accounting for 60 per cent of the pool
Portfolio management accounting for 20 per cent of the pool
Non-financial accounting for 20 per cent of the pool
19 Jul 2002 : Column 576W
Individual bonuses also depend on a number of factors including a 360-degree performance review and the individual's performance against personal targets.
Gregory Barker: To ask the Secretary of State for International Development, if she will list the sub-Saharan agri-businesses advertised for sale in 2001 by CDC Capital Partners; and what proportion those businesses represented in 2001 in CDC Capital Partners' sub-Sahran agri-businesses. [67381]
Clare Short [holding answer 11 July 2002]: The agribusinesses advertised for sale in 2001 are listed below. The figures in brackets represent their approximate proportionate value of the 2001 sub Saharan agribusiness portfolio.
Rwenzori Highlands Tea (10 per cent)
Shiselweni Forestry (2 per cent)
Kilombero Valley Teak (5 per cent)
Gregory Barker: To ask the Secretary of State for International Development, how many Commonwealth nationals employed by CDC Capital Partners have been made redundant since 1997. [67413]
Clare Short [holding answer 11 July 2002]: Since 1997 a total of 217 Commonwealth nationals (including UK employees) have been made redundant.
Gregory Barker: To ask the Secretary of State for International Development, what (a) current and (b) proposed (i) annual performance related bonus programmes and (ii) long term incentive plans exist for CDC Capital Partners' mid-level executives. [67373]
Clare Short
[holding answer 11 July 2002]:
(i)(a) A current annual bonus programme exists which allows the Remuneration Committee to approve cash awards up to 50 per cent of an individual's base salary.
(b) No additional or new bonus plan is proposed.
(ii)(a) A long term incentive plan linked to NAV growth over a three-year period is in place.
(b) No new long-term plan has been proposed.
Gregory Barker: To ask the Secretary of State for International Development, what the proportional growth of CDC Capital Partners' (a) retail and (b) healthcare investments has been since 1997. [67393]
Clare Short [holding answer 11 July 2002]:) (a) retail in 1997, retail represented 0.86 per cent of CDC's portfolio; today, retail represents 4.61 per cent of CDC's portfolio
(b) healthcare in 1997, healthcare represented 0.16 per cent of CDC's portfolio; today, healthcare represents 3.25 per cent of CDC's portfolio
Gregory Barker: To ask the Secretary of State for International Development, if she will list the countries where CDC Capital Partners (a) has received and (b) receives exemptions on environmental regulations on its investments. [67377]
19 Jul 2002 : Column 577W
Clare Short [holding answer 11 July 2002]: CDC Capital Partners does not ask for or receive exemptions on environmental regulations on any of its investments. CDC makes investments on the basis that any shortfall in the standards of social and environmental performance of the company, not only against local legislation but also against international good practice, will be addressed. Where substantial environmental improvements are required, it is possible that the investee company will request exemption from local environmental regulation in the short term, but this is only acceptable to CDC in the context of long-term improvement.
Gregory Barker: To ask the Secretary of State for International Development, if she will list CDC Capital Partners' agricultural investments in sub-Saharan Africa by country since 1997; describing the commercial activities in each case. [67361]
Clare Short [holding answer 11 July 2002]: CDC Capital Partners' new investments in agribusiness:
Year | Country | Company name | Commercial activity |
---|---|---|---|
2002 | Tanzania | Tatepa | Tea blending and packaging business |
1999 | Tanzania | South Highlands Tea | Privatisation of smallholder tea factories |
1998 | Zimbabwe | Ariston | Diversified agribusiness holding co |
1998 | Kenya | Sulmac | Modernise floriculture and develop vegetable enterprise for export |
1997 | South Africa | New Farmers | Agricultural Investment Fund |
1997 | Mozambique | AGRIMO | Cotton production and ginning |
Including the investments listed above, CDC has 37 agribusiness equity holdings as at end 2001.
Gregory Barker: To ask the Secretary of State for International Development, if she will list the countries where CDC Capital Partners (a) has received and (b) receives tax breaks on its investments. [67369]
Clare Short [holding answer 11 July 2002]: There are 44 countries in which CDC has a tax exemption not always available to other companies. Until recently CDC also received tax exemption in Costa Rica under an Operating Conditions Agreement (OCA) which CDC voluntarily gave up due to special circumstances in 2000.
A list of the 44 countries where CDC currently receives a tax exemption is below: Country
1 | Anguilla | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2 | Bangladesh | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
3 | Barbados | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4 | Belize | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
5 | Bolivia | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
6 | Botswana | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
7 | Cameroon | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8 | Cote d'Ivoire | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
9 | Cuba | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10 | Dominica | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
11 | Dominican Republic | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
12 | Ecuador | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
13 | Egypt | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
14 | Ghana | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
15 | Guatemala | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
16 | Guyana | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
17 | Honduras | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
18 | Indonesia | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
19 | Jamaica | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
20 | Kenya | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
21 | Laos | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
22 | Malaysia | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
23 | Mauritius | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
24 | Montserrat | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
25 | Mozambique | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
26 | Namibia | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
27 | Nicaragua | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
28 | Nigeria | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
29 | Pakistan | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
30 | Philippines | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
31 | Sierra Leone | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
32 | Solomon Islands | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
33 | South Africa | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
34 | Sri Lanka | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
35 | St Kitts & Nevis | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
36 | Sudan | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
37 | Tanzania | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
38 | Thailand | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
39 | Trinidad & Tobago | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
40 | Uganda | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
41 | Vietnam | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
42 | Zambia
19 Jul 2002 : Column 578W
Gregory Barker: To ask the Secretary of State for International Development (1) if she will list the unsuccessful formal investments and sale tenders in which CDC Capital Partners has participated, by sector, since 1997; [67398] (2) if she will list the unsuccessful formal investments and sale tenders in which CDC Capital Partners has participated, by country, since 1997. [67341]
Clare Short [holding answer 11 July 2002]: This information is not kept by CDC.
Gregory Barker: To ask the Secretary of State for International Development, if she will list CDC Capital Partners' disposal of investments by (a) sector, (b) size and (c) country since 1997. [67342]
Clare Short [holding answer 11 July 2002]: Full details are not available without disproportionate cost. However for a list of significant disposals, I would refer the hon. Member to my reply to his question. [67390]
Gregory Barker: To ask the Secretary of State for International Development, if she will list by (a) country and (b) sector the environmental impact studies (i) performed and (ii) contracted by CDC Capital Partners since 1997. [67378]
Clare Short [holding answer 11 July 2002]: An environmental impact study is carried out by CDC on every investment where the environmental risk is high, and where thorough mitigation, management and monitoring is therefore required. Where the risk is perceived to be medium or low, a detailed study and management plan is not required but a basic assessment of environmental issues will be undertaken by the Investment Manager, with advice from CDC's Business Principles Unit.
19 Jul 2002 : Column 579W
CDC does not hold records of environmental impact studies going back to 1997, but the following investments made in each of the years 1997 to 2002 were subject to a detailed environmental review.
Gregory Barker: To ask the Secretary of State for International Development, if she will list the investments visited by CDC Capital Partners for monitoring purposes; and how many times each has been visited since 1997. [67362]
Clare Short [holding answer 11 July 2002]: It is not possible to answer this question without disproportionate cost.
19 Jul 2002 : Column 580W
Gregory Barker: To ask the Secretary of State for International Development, if she will list, by country, the publicly guaranteed debt owed to CDC Capital Partners. [67386]
Clare Short [holding answer 11 July 2002]: As part of CDC's restructuring efforts, all outstanding public sector loans, guaranteed by host governments, were transferred to the Department for International Development in 2000. Therefore, there is no publicly guaranteed debt owed to CDC Capital Partners. The Government does not stand as guarantor for any debt owed to CDC.
Gregory Barker: To ask the Secretary of State for International Development, if she will list the funds containing private capital (a) managed and (b) joint-managed by CDC Capital Partners; and how much capital has been in each fund since 1997. [67364]
Clare Short [holding answer 11 July 2002]: Between 1997 and 2000, CDC Capital Partners did not jointly manage any private equity funds. In 2001 CDC formed a joint venture fund management company with Norfund under the name Aureos Capital. A series of country funds which hitherto had been solely managed by CDC were rolled up as part of Aureos Capital and are now jointly managed. Funds containing private capital managed and joint-managed by CDC Capital Partners since 1997
Gregory Barker: To ask the Secretary of State for International Development, what discussions she has had with CDC Capital Group board members regarding annual performance-related bonuses to CDC Capital Group executives. [67372]
Clare Short [holding answer 11 July 2002]: There have been periodic discussions over the last two years between my Department, the Treasury and senior CDC
19 Jul 2002 : Column 581W management about the Long Term Incentive Plan (LTIP), which has been approved on an annual basis. Otherwise annual performance bonuses to CDC staff are the responsibility of the Board of CDC and its Remuneration Committee.
Gregory Barker: To ask the Secretary of State for International Development, what proportion of CDC Capital Partners' (a) retail and (b) healthcare investments are in (i) low-income and (ii) least-developed nations. [67392]
Clare Short [holding answer 11 July 2002]: CDC has no retail or healthcare investments in low-income or least-developed countries.
Gregory Barker: To ask the Secretary of State for International Development, if she will list CDC Capital Partners' investment partners by (a) sector, (b) country and (c) size since 1997. [37344]
Clare Short [holding answer 11 July 2002]: It is not possible to answer this question without disproportionate cost.
Gregory Barker: To ask the Secretary of State for International Development when her Department's review period for the financial advice service provider in relation CDC Capital Partners (a) began and (b) ends. [69056]
Clare Short: An advertisement was submitted to the Official Journal of the European Communities (OJEC) on 5 June inviting expressions of interest. The new contract is due to be awarded from 1 August 2002.
Gregory Barker: To ask the Secretary of State for International Development if she will renew the contract of CDC Capital Partners' chief executive. [69052]
Clare Short: The Chief Executive's contract is with CDC, not with my Department. The contract is automatically renewed unless either side (the employer or the employee) serves notice.
Gregory Barker: To ask the Secretary of State for International Development who (a) has participated and (b) will participate in selecting a financial advice service provider in relation to CDC Capital Partners. [69044]
Clare Short: An advertisement was submitted to the Official Journal of the European Communities (OJEC) on 5 June, in accordance with EU procurement rules, inviting expressions of interest. Formal bids have yet to be considered. The independent member on the evaluation panel has yet to be decided.
Gregory Barker: To ask the Secretary of State for International Development what discussions she has had with the Treasury regarding her Department's solicitation of financial advice service providers in relation to CDC Capital Partners. [69060]
Clare Short: No discussions have been held with the Treasury about the re-tendering of the financial advice consultancy to DFID for work on CDC. The Treasury has been kept informed about the exercise.
Gregory Barker: To ask the Secretary of State for International Development what the status is of CDC Capital Partners' (a) chief executive and (b) chairman. [69050]
19 Jul 2002 : Column 582W
Clare Short: Information about the Chairman and the Chief Executive is contained in the annual review for 2001. Copies of this are available in the Library of the House.
Gregory Barker: To ask the Secretary of State for International Development (1) what tenders criteria her Department uses in selecting financial advice service providers in relation to CDC Capital Partners; [69042] (2) what criteria were used in selecting a financial advice service provider in relation to CDC Capital Partners. [69043]
Clare Short:
Formal bids will be assessed according the following criteria:
Gregory Barker: To ask the Secretary of State for International Development which financial advice service providers followed up on their expressions of interest regarding providing financial advice in relation to CDC Capital Partners; and when the follow-ups took place. [69058]
Clare Short: One firm of consultants, following its expression of interest, approached the department with a query about the form in which its proposal should be submitted. It would not be appropriate to identify the firm, and the query was answered promptly. A further firm, which was not invited to make a formal bid, has also now approached the Department to ask why it was not short-listed. The closing date for receiving bids was 18 July.
Gregory Barker: To ask the Secretary of State for International Development when her Department expects to complete the tender for providing financial advice in relation to CDC Capital Partners. [69054]
Clare Short: It is currently envisaged that the contract will be awarded on 25 July, with the new contract taking effect from 1 August 2002.
Gregory Barker: To ask the Secretary of State for International Development what assessment her Department has made of the effectiveness of CDC Capital
19 Jul 2002 : Column 583W Partners in improving the export competitiveness of lesser developed countries; and if she will make a statement. [69172]
Gregory Barker: To ask the Secretary of State for International Development what assessment she has made of the background investigations performed on service providers tendering expressions of interest in providing financial advice in relation to CDC Capital Partners. [69046]
Clare Short: None. No background investigations have been performed.
Gregory Barker: To ask the Secretary of State for International Development what representations her Department has received regarding private investors' expressions of investment interest in CDC Capital Partners since 1999; and which private investors expressed investment interest and when. [69049]
Clare Short: No direct representations have been received.
Gregory Barker: To ask the Secretary of State for International Development what responses she has received, and when, to her Department's notice seeking expressions of interest from financial advice service providers in providing her Department with financial advice in relation CDC Capital Partners. [69057]
Clare Short: As the re-tendering exercise is currently in progress, it would not be appropriate to divulge this information.
Gregory Barker: To ask the Secretary of State for International Development if the current performance of CDC Capital Partners' chief executive would trigger a bonus payment. [69053]
Clare Short: Yes. The Chief Executive is eligible for a bonus along with all other CDC employees. Criteria are set each year in line with CDC's business plan. The amount is determined by the Remuneration Committee and, in the case of the Chief Executive, may be discussed with the Department.
Gregory Barker: To ask the Secretary of State for International Development what the real terms expenditure of CDC Capital Partners was on (a) publicity, (b) advertising and (c) press and public relations in each of the financial years since 1997; and what the figures are for the present year. [69171]
Clare Short: An exact breakdown is not available except at disproportionate cost. CDC retained a UK public relations agency in 1997 and 1998, but stopped their services in mid 1999. CDC uses consultancies on a project basis, as and when required. CDC has no advertising/sponsorship campaign in place.
Gregory Barker: To ask the Secretary of State for International Development how long the contract is for the financial advice service provider in relation to CDC Capital Partners. [69045]
Clare Short: It is currently intended that the contract will be for 24 months, with the possibility of an extension for up to twelve months.
19 Jul 2002 : Column 584W
Gregory Barker: To ask the Secretary of State for International Development what discussions she has had with CDC Capital Partners' senior executives regarding her Department's tender for financial advisers in relation to CDC Capital Partners. [69061]
Gregory Barker: To ask the Secretary of State for International Development when the contract of CDC Capital Partners' chief executive expires. [69051]
Clare Short: The contract of the Chief Executive would normally expire on his 60th birthday unless terminated earlier.
Gregory Barker: To ask the Secretary of State for International Development if she will list the financial advice service providers with whom her Department is negotiating to provide financial advice in relation to CDC Capital Partners. [69059]
Clare Short: It would not be appropriate to divulge which firms have been invited to tender for the financial advice consultancy.
Gregory Barker: To ask the Secretary of State for International Development if she will list the external consultants and advisors retained and used by her Department in respect of its plans to tender for financial advice in relation to CDC Capital Partners. [69055]
Gregory Barker: To ask the Secretary of State for International Development what her assessment is of the implementation CDC Capital Partners privatisation plan. [69047]
Clare Short: In the current market conditions, the Government does not believe that it will be possible to sell a majority of CDC's shares in the near future at a price that represents good value for the development assistance programme. We are therefore exploring alternative ways to achieve the objective of the Public Private Partnership, to mobilise increased investment for the benefit of poorer developing countries.
Gregory Barker: To ask the Secretary of State for International Development what her Department's criteria are for private investors in CDC Capital Partners. [69048]
Clare Short: The willingness of private investors to invest in CDC or to work with CDC in joint ventures or at project level is entirely a commercial matter. Investors will, at the outset, be aware of the distinctive nature of CDC, and its commitment to investing for the benefit of developing countries and to ethical business principles.
|