British International Investment
The question
To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, what discussions she has had with British International Investment on focusing on development impact in fragile and low-income countries.
Answered by Chris Elmore
As part of British International Investment's (BII's) Impact Framework, all transactions are assessed for their additionality, to ensure BII is not displacing the private sector. BII is also a leader amongst Development Finance Institutions in investing in the riskiest places with the highest development needs, making £880 million of new commitments in the poorest and most fragile countries in 2024 alone. Full details of BII's Impact Framework can be found on its website here: https://www.bii.co.uk/en/our-impact/
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