Source · Select Committees · International Development Committee
Recommendation 14
14
Deferred
Target nascent markets and exit BII investments lacking proven additionality annually.
Conclusion
BII must target nascent markets that struggle to stimulate investment from the private sector. BII must annually assess the value it adds to investee companies. Where BII has not proven its additionality to an investment or its case for additionality is no longer valid, BII should exit that investment. (Paragraph 66) Investment for development: The UK’s strategy towards Development Finance Institutions 57
Government Response Summary
The government deflects the recommendation regarding additionality and market focus, focusing instead on BII's transparency and stating that BII will publish a Transparency Roadmap with milestones to become the most transparent bilateral DFI.
Government Response
Deferred
HM Government
Deferred
Accept The Government agrees with the importance of BII being a leader on transparency across the DFI system and ensuring BII is a transparent and open organisation. Ministers have set BII the goal to rank as the most transparent bilateral development finance institution in the next Publish What You Fund DFI Transparency Index. BII will publish a Transparency Roadmap to articulate their ambition to be the most transparent bilateral DFI, with specific short-term milestones for delivering on this goal. BII will also place greater emphasis on using data from improved transparency - alongside their wider monitoring and evaluation work – to become a more effective learning organisation, incorporating lessons into its investment decisions and future strategy, as well as sharing knowledge across the DFI system.