§ Mr. BercowTo ask the Secretary of State for International Development whether the re-organisation of the Commonwealth Development Corporation has been completed. [171687]
§ Hilary BennThe legal documents to establish the Commonwealth Development Corporation (CDC)'s new investment management company, Actis were signed on 2 April 2004. These will formalise the new arrangements that I advised Parliament about in my statement of 8 January 2004. However, there are a number of 'conditions precedent' that must be met before the documents can take legal effect. These are largely administrative measures and CDC and DFID staff are now working through with these. It is expected to complete them by the end of June. I shall make a further statement to Parliament at that time and I shall also be placing the relevant documents into the Library.