§ Mrs. SpelmanTo ask the Secretary of State for International Development when she last had discussions with officials from CDC Capital Partners regarding their investment strategy; and when she next plans to do so. [43659]
§ Hilary BennMy right hon. Friend the Secretary of State for International Development discussed the CDC investment policy and related issues with the chairman and chief executive in November last year. Her next meeting with CDC will be in April 2002.
§ Mrs. SpelmanTo ask the Secretary of State for International Development if she will list the countries in which CDC Capital Partners has closed its offices in the last three years. [43656]
§ Hilary BennSince 1999 CDC has closed offices in Peru, Trinidad, Jamaica, Uganda, Malawi, Bangladesh, Philippines, and Fiji. CDC continues to manage existing investments and look for new investment opportunities in these countries from neighbouring regional offices.
§ Mrs. SpelmanTo ask the Secretary of State for International Development if it is her policy to compensate those from whom investment has been withdrawn by CDC Capital Partners. [43658]
§ Hilary BennNo. CDC has sold some investments to other owners, well placed to develop these businesses further. These disposals have been done in a socially responsible manner.
§ Mrs. SpelmanTo ask the Secretary of State for International Development if she will list the projects from which CDC Capital Partners has withdrawn its investment in the last three years. [43657]
§ Hilary BennCDC Capital Partners sold its investments in the following enterprises:
202W
Enterprise Country 1999 Rusitu Valley Development Co. (pvt) Ltd. Zimbabwe Corporacion Privada de Inversiones de Centroamerica Costa Rica Textiles Rio Lindo SA de CV Honduras Alliance Credit International India Apollo Tyres Ltd. India Credit Capital Venture Fund (India) Ltd. India DSQ Software Ltd. India Modi Mirlees Blackstone Ltd. India Wipro Financial Services India Blantyre Netting Co. Ltd. Malawi Vanik Inc. Ltd. Sri Lanka Neopac (Swaziland) Ltd. Swaziland Trinidad Cement Ltd. Trinidad and Tobago 2000 Industrial Credit Co. Zambia Zambia Safety, Security and Justice Management (pty) South Africa Clovergem Celtel Ltd. Uganda Zimbabwe Development Bank Zimbabwe Tip Top Industrial Co. Ltd. Nicaragua PT Semens Andalas Indonesia Indonesia
Enterprise Country 2001 Kawalazi Estate Co. Ltd. Malawi Sable Farming Co. Ltd. Malawi East Umbara Tea Co. Tanzania Rwenzori Tea Investments Uganda Chilanga Cement Zambia Mbeya Cement Tanzania Portland Cement Malawi Capital Developments Ltd. Malawi National Seed Cotton Milling Malawi Home Finance Co. Ltd. Fiji Tropik Wood Industries Ltd. Fiji Housing Development Finance Corporation Ltd. India India Access Fund India ABC Holdings Ltd. Botswana