HC Deb 03 May 2000 vol 349 cc129-30W
Mr. Martlew

To ask the Secretary of State for International Development what progress has been made on the change in status of the Commonwealth Development Corporation. [119369]

Clare Short

On 8 December 1999 Commonwealth Development Corporation was transformed from a statutory corporation into a public limited company registered under the name of CDC Group plc. It now operates within the framework designed for the Public/Private Partnership. This entrenches an investment policy focusing on investment in poorer countries. For the time being CDC remains wholly Government-owned.