CDC is the primary vehicle through which DFID invests development capital and plays a key role within DFID’s Economic Development Strategy.
In this review, the ICAI team assessed how well CDC has reoriented its investment approach and portfolio to achieve development impact in low-income and fragile states, while still delivering its intended financial return.
The review gave CDC’s approach an amber-red. It found that CDC has made progress in redirecting investments to low-income and fragile states, but has been slow in building in-country capacity to support a more developmental approach. CDC has not done enough to ensure or monitor development results, or to progress plans to improve evaluation and apply learning.
Areas of expertise:
- Aid effectiveness