Roundtable with the UK’s development finance institution - CDC
Wednesday, 15th January 2020
The Scotland Malawi Partnership and the Alliance are co-hosting a round-table meeting with CDC’s Chairman, Graham Wrigley and Head of Global Affairs, Andrew Palmer, who are keen to meet Alliance and SMP Members to understand their development priorities.
The meeting will present an opportunity for those with key business, investment, trade and tourism links with Scottish civic society's international partners, to foreground the importance of significant and sustainable investment, and to hear from CDC.
CDC is the UK’s development finance institution, wholly owned by the UK Government’s Department for International Development. Founded in 1948, its mission is to support the building of businesses in Africa and South Asia, to create jobs and make a lasting difference to people’s lives in some of the world’s poorest places. This is done with a dual objective: to support growth and jobs that lift people out of poverty, and to make a financial return, which is re-invested into more businesses. In this way, its capital is used over and over again to help create the jobs and economic stability that will enable countries to leave poverty behind.
CDC invests in Africa and Asia because over 80% of the world’s poorest people live in these regions. The focus is on investing in countries where the private sector is weak, jobs are scarce, and the investment climate is difficulty, but particularly in sectors where growth leads to jobs. These sectors are financial services, infrastructure, health, manufacturing, food and agriculture, construction and real estate, and education.