CDC Group and DFID response to ICAI recommendations on: CDC’s investments in low-income and fragile states - GOV.UK

Independent report CDC Group and DFID response to ICAI recommendations on: CDC’s investments in low-income and fragile states The review makes 6 recommendations to further increase the

development impact of CDC investments in Africa and South Asia.

From: Department for International Development Published 7 May 2019 Get emails about this page Documents CDC Group and DFID response to ICAI recommendations on: CDC’s investments in

low-income and fragile states PDF, 165 KB, 5 pages

The ICAI performance review was published on Tuesday 26 March with an overall rating of amber-red. CDC and DFID welcome the ICAI recommendations as an endorsement of the shifts already

agreed in 2016/17 and underway during the current five-year strategy since 2017 (i.e. 2017-2021). The recommendations are:

CDC should broaden the range of development impact criteria and indicators it uses when making investment decisions CDC should be more active in the management of its investments, using its

leverage as an investor to enhance development impact CDC should strengthen the monitoring and evaluation of impacts and work with DFID to accelerate their Evaluation and Learning Programme

CDC should work more closely with DFID and other development partners to inform its priorities and build synergies with other UK aid programmes to optimise the value of ODA CDC should better

communicate its approach to balancing financial risk and development impact and the justification for its different investment strategies DFID’s business cases for future capital

commitments to CDC should be based on stronger evidence of achieved impact and clear progress on expanding their in-country presence Updates to this page Published 7 May 2019 Sign up for

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