Oversight of the Private Infrastructure Development Group - Public Accounts Committee Contents


The Department for International Development (the Department) is the main funder of the Private Infrastructure Development Group (PIDG), a multilateral agency which invests in infrastructure projects in developing countries. The Department has not used its position as by far the dominant funder of PIDG to influence the direction of its operations and improve its performance. The Department's oversight of PIDG has not been sufficiently 'hands on'. We are concerned that the Department has insufficient assurance over the integrity of PIDG's investments and the companies with which it works and the Department has not done enough to put a stop to PIDG's wasteful travel policies and poor financial management.

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Prepared 29 January 2015