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11 Jan 2005 : Column 393W—continued
CDC/Actis Capital
Tom Brake: To ask the Secretary of State for International Development how much private investment capital CDC/Actis Capital has attracted for private sector businesses in developing countries in (a) 2002, (b) 2003 and (c) 2004 as a result of its own investment activities in these countries. [206846]
Hilary Benn: Details of the third party funds raised by CDC, Actis and Aureos in 2002–04 are shown in the following tables.
| Aureos Central America Fund | |
|---|---|
| Investors | US$ million |
| CDC | 10.0 |
| European development finance institutions (2) | 15.0 |
| International development banks (2) | 11.3 |
| Total committed capital | 36.3 |
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| Investors | US$ million |
|---|---|
| CDC | 15.0 |
| European development finance institutions (3) | 29.0 |
| International development banks (1) | 6.0 |
| Total committed capital | 50.0 |
| Actis Malaysia Fund LP | |
|---|---|
| Investors | US$ million |
| CDC | 40.0 |
| Pension schemes (1) | 20.0 |
| Total committed capital | 60.0 |
| Investors | US$ million |
|---|---|
| CDC | 20.0 |
| European development finance institutions (1) | 20.0 |
| Total committed capital | 40.0 |
| Investors | US$ million |
|---|---|
| CDC | 75.0 |
| International development banks (1) | 25.0 |
| Total committed capital | 100.0 |
At project level, companies in which CDC invests will typically attract greater private co-investment and have enhanced access to commercial borrowing.
11 Jan 2005 : Column 395W
Tom Brake: To ask the Secretary of State for International Development (1) if he will list investments CDC/Actis Capital has made in (a) 2002, (b) 2003 and (c) 2004 by (i) amount, (ii) country and (iii) percentage of the total CDC/Actis Capital portfolio; [206847]
(2) what percentage of its disbursements CDC/Actis Capital has invested in (a) least developed, (b) other low-income, (c) low and middle-income and (d) upper middle-income countries in (i) 2002, (ii) 2003 and (iii) 2004. [207138]
Hilary Benn: CDC's investments in 2002–04 by country, amount and percentage of the portfolio were as follows:
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Under its Investment Policy, a copy of which I placed in the Library last year, CDC is required to invest solely in, or for the benefit of, the countries included in the "CDC Universe". This is made up of the countries classified as low-income or middle-income by the World Bank. It is required to report against two investment targets, to make at least 70 per cent. of its new investments each year in countries with an annual GNI of US$1,750 pc or less and at least 50 per cent. of its new investments in sub Saharan Africa or South Asia. On a 5-year rolling basis, CDC's performance against these targets is as follows:
| Percentage | |||
|---|---|---|---|
| Investment Policy Target | 2002 | 2003 | 2004(5507190003) |
| 70 per cent. ($1,750 GNI poor less) | 75.4 | 74.6 | 76.8 |
| 50 per cent. (sub-Saharan Africa and South Asia) | 44.3 | 50.3 | 55.9 |
(5507190003) Estimated—final figures not yet available
Although CDC does not routinely report on investment by the country groups that you mention, the data given above shows that CDC's annual investments may be attributed as follows:
11 Jan 2005 : Column 397W
India
Mr. Jim Cunningham: To ask the Secretary of State for International Development what discussions his Department has had with the Indian Government concerning sex discrimination in India. [206088]
Mr. Gareth Thomas [holding answer 21 December 2004]: The Government of India (GoI) recognises that gender discrimination limits the prospects for development progress in India. It has a well-articulated policy and clearly mandated institutional structures, including the current tenth plan, for addressing gender discrimination. India has also played a lead role in ratifying gender-related UN conventions and international covenants.
However, a falling ratio of girls to boys, in rich and poor states, and among better off and poorer households, reflects continuing discrimination against women and girls. Violence against women and girls persists. The GoI recognises this in its reporting under the Convention on the Elimination of all forms of Discrimination Against Women (CEDAW). The GoI has included several Bills related to improving the status of women in its forthcoming parliamentary session.
Over the last two years, the Department for International Development (DFID) has engaged closely with the GoI on the design of the large national Sarva Shikshya Abhyan (Education-for-All) and reproductive and child health programmes, developing their focus on the most vulnerable and hard to reach people in India, especially those who suffer multiple discrimination and social exclusion, particularly girls and women among marginalised groups. Approaches to improving outcomes for women and girls are explicitly included in the agreed designs. The GoI measures success in these programmes against progress towards gender equality.
DFID also engages with Governments in its focus states on issues of discrimination and ensuring that women participate in design and monitoring of programmes. This state level work includes focused programmes that empower and address the practical needs and priorities of women and other marginalised groups, such as through micro-credit, development of gender policies, awareness raising and livelihood improvements, e.g. through the Andhra Pradesh Rural Livelihoods and the Western Orissa Rural Livelihoods programmes. In 2003, DFID supported analysis of the Orissa budget from a gender perspective; key sectors, including the Orissa state health strategy and water and sanitation reforms, now seek to take account of the particular needs of women and girls.
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DFID worked with the United Nations Development Programme in India to include gender analysis in their support for state Human Development Reports. Discussions of access to justice and support for police reforms have both paid particular attention to the needs of women. In all programmes with the GoI that DFID supports, we seek to have monitoring and evaluation data disaggregated by gender in order to inform policy decisions. DFID also supports civil society to work with government to reduce gender discrimination.
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