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


The Department believes that infrastructure investment stimulates growth, which is a pre­requisite for cutting poverty. It has identified a need for substantial infrastructure investment in developing countries which cannot be met by public funding and aid alone. PIDG, which invests in infrastructure projects in developing companies, is a multilateral agency founded by the Department and three other donors in 2002. PIDG is now governed by development agencies from eight countries and the World Bank. The Department's total contributions to PIDG, which are expected to reach £860 million by 2017, have represented 70% of PIDG's funding since 2002 and 88% of the funding in the last two years.

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Prepared 29 January 2015