§ Gregory BarkerTo ask the Secretary of State for International Development when CDC Capital Partners offices will close in each country in(a) South Asia, (b) South east Asia, (c) Africa and (d) Latin America; and whether the proposed re-organisation of CDC Capital Partners will result in job losses in (i) South Asia, (ii) South east Asia, (iii) Africa and (iv) America. [85497]
§ Clare ShortIn the Americas region the Miami office will be closed during 2003. No other closures are planned. The proposed reorganisation of CDC may result in the creation of additional jobs in CDC's overseas offices.
§ Gregory BarkerTo ask the Secretary of State for International Development how much third-party capital is under the management of CDC Capital Partners, broken down by(a) investment and (b) country. [85498]
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§ Clare ShortThe information is as follows:
Investment Countries Third party capital (invested and committed) (£ million) CGU-CDC China Investment Company China 32.2 South Asia Gateway Terminal Sri Lanka 8.1 Southern Cone Argentina, Chile, 52.8 Power Peru Aureos Capital funds 1— 92.1 CPU Funds (i) South Asia Regional Fund India 38.8 (ii) Commonwealth Africa Investments 1— 30.0 1 Aureos operates in Zambia. Kenya, Sri Lanka, Tanzania, Ghana, Papua New Guinea, Mauritius, Sri Lanka, Mozambique, Zimbabwe and Tanzania. It also manages two regional funds targeting Central America and one targeting the Indian Ocean region. The Commonwealth Africa Investments Fund is invested in Tanzania, South Africa, Zimbabwe, Ghana, Kenya, Mozambique, and Zambia.
§ Gregory BarkerTo ask the Secretary of State for International Development what CDC's(a) investments and (b) disposals have been since June. [85512]
§ Clare ShortThe value of CDC's investments and disposals since June 2002 have been:
£ million Month Investments Disposals June 21.3 3.1 July 4.5 3.1 August 1.1 4.5 September 7.6 6.4 October 5.9 0.9 November 22.6 6.0 Totals 63.0 24.0
§ Gregory BarkerTo ask the Secretary of State for International Development how many CDC Capital Partners offices closed in each country in(a) South Asia, (b) South East Asia, (c) Africa and (d) Latin America since 1997; and whether office closures are anticipated in 2003. [85518]
§ Clare ShortSince 1997, CDC has closed one office in South Asia (Bangladesh), two offices in South East Asia (Philippines and Fiji), two offices in Africa (Malawi and Uganda) and five offices in Latin America (Peru, Mexico, Trinidad, Jamaica, Barbados). It is anticipated that the Miami office will be closed in 2003.
§ Gregory BarkerTo ask the Secretary of State for International Development what the(a) opening and (b) running costs were of CDC Capital Partners offices operating in (i) Asia, (ii) Africa, (iii) Latin America and (iv) Central and North America in the last year for which figures are available. [85519]
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§ Clare ShortFor last the CDC financial year, ie the calendar year 2001,(a) there were no material costs relating to the opening of CDC offices (b) the running costs for CDC's offices were: (i) Asia—£5.3 million (ii) Africa—£2.8 million (iii) Latin America—fl. 4 million (iv) Central and North America—£6.4 million.
§ Gregory BarkerTo ask the Secretary of State for International Development what the costs are of(a) opening and (b) closing CDC offices in (i) South Asia, (ii) South East Asia, (iii) Africa and (iv) Latin America. [85611]
§ Clare ShortSince 1997, there have been no material costs relating to the opening of CDC offices and the costs of the closure of CDC offices have been i) in South Asia—none; ii) in South East Asia—£216,000 (awaiting confirmation about Phillippines—actual figure might be higher); iii) in Africa—£35,000; iv) in South America and Caribbean, including an estimate for closing the Miami office—£800,000.