Source · Select Committees · Foreign Affairs Committee
Recommendation 10
10
Paragraph: 25
We recommend that the Government commits financial and bureaucratic resources to ensuring future Build Back...
Recommendation
We recommend that the Government commits financial and bureaucratic resources to ensuring future Build Back Better World projects meet all internationally recognised standards, including on labour rights, environmental measures, and transparency.
Paragraph Reference:
25
Government Response
Not Addressed
HM Government
Not Addressed
Strong standards across environmental, social, financial, labour, governance and transparency issues will be at the heart of our approach to the new G7 partnership on development finance. This is vital in order to ensure that our values are upheld, and to drive a race to the top. To help achieve this, we will ensure that the new partnership builds on agreed multilateral standards on quality infrastructure such as the G20 Principles for Quality Infrastructure Investment. We will also emphasise the importance of transparent, open, economically efficient, fair and competitive standards for lending and procurement, in line with debt sustainability, as well as adherence to international rules and standards for major creditor countries. This approach will help to provide citizens of recipient communities with the long-run benefits that they expect and deserve. We therefore accept this recommendation.