British International Investment
The question
To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, if she will take steps to ensure that (a) 25% of British International Investment’s new investments support gender equality and (b) 30% are directed to climate finance.
Answered by Chris Elmore
Future capital funding for British International Investment (BII) will be determined as part of the Foreign, Commonwealth & Development Office's (FCDO) resource allocation process, ensuring that the ODA budget delivers against the full range of FCDO development priorities. The FCDO holds BII to account for delivery of its strategy through detailed governance arrangements, including quarterly and annual shareholder meetings.
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