UK institutions and system
CDC’s investments in low-income and fragile states
What it examines
Reviews CDC’s transformation and investments over 2012–2018 as its capital and development ambitions expanded. ICAI finds progress in redirecting investment but weaknesses in impact management, evaluation and local capacity; subsequent follow-up records improvements.
Why it matters
Assesses whether increased UK shareholder capital was accompanied by sufficient development capability and accountability.
Institutions and themes
Related documents
Catalogue entry reviewed 17 September 2026. The summary describes the publication’s analysis; it does not establish that historical findings remain current.