Source · Select Committees · International Development Committee
Recommendation 10
10
Accepted
Paragraph: 56
BII investments in middle-income countries are poorly targeted, risking lost development focus.
Conclusion
Some of BII’s investments in middle-income countries have been poorly targeted and do not appear to be reaching the poorest and most marginalised people. In some cases, BII investments have tenuous links to development impact. By concentrating its investments in middle-income countries, there is a risk that BII will lose its development focus and prioritise financial returns.
Government response summary AI-generated
The Government agrees that poverty reduction must be central to BII's investments, stating that BII's existing strategic objectives and Impact Score already integrate productive, sustainable, and inclusive development. It confirms BII's oversight of investments, including through intermediaries, and is satisfied with BII’s existing procedures and safeguards, arguing that altering them could reduce foreign direct investment.
Paragraph Reference:
56
Government Response
The government responded to this report on 7 December 2023. No passage in that response could be matched to this conclusion. Read the response document ↗