UK PUBLIC CAPITAL MONITOR
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UK institutions and system

Foreign, Commonwealth and Development Office 2025–26 overview

Independent scrutiny
Authors
National Audit Office
Publisher
National Audit Office
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What it examines

Reviews FCDO’s responsibilities, spending and financial risks, including its BII investment, multilateral financing and guarantees. The overview distinguishes guarantee exposure from its valuation and stresses the information and expertise needed to oversee performance, development impact and value for money. It also discusses IDA within the department’s spending priorities.

Why it matters

Brings together evidence on FCDO’s roles as shareholder, contributor and guarantor. Its investment and guarantee balances are reported at 31 March 2026. They describe the department’s portfolio, rather than new commitments or the total stock of UK public capital.

Published on 27 October 2026. Key investment and guarantee balances are as at 31 March 2026.

Institutions and themes

British International InvestmentInternational Development AssociationCapital, funding and riskGovernance and accountabilityImpact and value for money

Related documents

Catalogue entry reviewed 29 Oct 2026. The summary describes the publication’s analysis; it does not establish that historical findings remain current.