To enable CDC to scale up its activity of investing and lending to support the building of businesses in developing countries, to create jobs and make a lasting difference to people’s lives in some of the world's poorest places. CDC is DFID’s main vehicle for investing in private companies in Africa and South Asia. CDC encourages capital investments from other private investors by being a first mover, demonstrating to other investors that commercial returns are possible in these frontier markets, and by sharing risk and expertise. The additional equity from DFID will enable CDC to meet demand for capital in its target markets and allow CDC to sustain a higher volume of more developmental investments across priority regions and business sectors
To improve macro-economic stability and growth in Pakistan by providing the Government with financial aid and technical assistance in support of the International Monetary Fund Extended Financing Facility. This will benefit the people of Pakistan by establishing the conditions for faster and more equitable growth. This contributes towards our MDGs by enabling the Government of Pakistan to finance essential public expenditure and protect the poor from the adverse impact of structural reforms.
Improved Micro Small and Medium Enterprise access to appropriate financial services translating into higher economic benefits for state, and poor and marginalised groups, in Pakistan
DFID is providing £757.3m over 23 years to catalyse the market for impact investment in Sub-Saharan Africa and South Asia, to improve the lives of at least five million poor and low-income people. Impact investments are those which have both a financial and social return by benefitting poor and low-income people through improved access to affordable goods and services and income generating opportunities. The Impact Programme has two components: investments and market building. CDC manages our investments through two funds. The first fund, the Impact Fund, launched in 2013 is a £305m fund of funds. The second fund, launched in 2015, is a £333m fund which makes direct investments into businesses that are highly developmental/transformative. Technical assistance is also being made available to the underlying investees. Our market building work (£30.5 million) complements our investments by providing the market infrastructure required for impact investing to scale.
To reduce the rate of diarrhoeal morbidity in children under five by increasing access to water, sanitation and hygiene for 3,755,000 people in the Democratic Republic of Congo
A global programme supporting governance and market reforms aimed at reducing the illegal use of forest resources, benefitting poor forest-dependent people and promoting sustainable growth in developing countries.
UK Aid Match allows the UK public to have a say in how an element of the aid budget is spent. DFID will match fund, pound for pound, public donations to appeals made by selected not-for-profit organisations, enabling them to increase their poverty reduction and development work in DFID priority countries.
The design of a systemic, context-specific PSD programme which strategically targets key constraints in order to empower the private sector to be an engine of growth, job creation and poverty alleviation in DRC thus improving the lives of poor people in DRC by 2023.To foster economic opportunities for poor people in the Democratic Republic of Congo by providing them with access to financial services, well functioning markets, and an enabling business environment.
To support a parametric (index-based) weather risk insurance pool that will provide participating African countries with predictable, quick-disbursing funds with which to implement pre-defined contingency response plans in the case of a drought.
The ‘Ethiopian Jobs Compact’ will support the Government of Ethiopia’s industrialisation efforts, creating over 100,000 jobs for Ethiopians and refugees residing in the country. The Compact will match international support for job creation in Ethiopia to the gradual relaxation of the limitations on labour market access for 30,000 refugees. The job creation elements of the Compact would focus on Ethiopia’s ambitious industrialisation plans. This would support improvements in the investment climate, investment promotion, and improving environmental and social standards in the manufacturing sector. This would create over 100,000 jobs, mainly for young women, in global value chains such as garments and textiles. Support to refugees would include the necessary legislative changes but also training, relocation, rehousing and protection measures for this vulnerable group. It is anticipated that some of these employment opportunities for refugees would be in the manufacturing sector.