The future of CDC

Additional evidence from Rt Hon Andrew Mitchell MP, Secretary of State, Department for International Development

At my evidence session on 18 January, there were two points on which I said I would write to the Committee:-

Questions 253

Acis has informed DFID that it set up its charitable arm in late 2009.

Question 259

On a country by country basis, CDC reports details of new investments and realisation proceeds to DFID for DAC reporting p purposes.

CDC also provides information on activities and expenditure in its annual report and accounts. Starting with its 2010 Annual Report and Accounts CDC will report country-by-country data on new investments, realisations and portfolio at valuation.

Furthermore, CDC’s annual Development Review publishes aggregate data on taxes paid by investee companies that report tax data.

I trust that this information will be helpful to the Committtee.