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3rd September 2013

PIDG advocates for role of private sector and DFIs in development

PIDG Executive Director Edward Farquharson was called to give evidence to the UK House of Commons International Development Committee on the Future of UK Development Co-operation.

The International Development Committee, a committee of 11 Members of Parliament chaired by Sir Malcolm Bruce MP, monitors the policy, administration and spending of the Department for International Development (DFID) and its associated public bodies.  It takes an interest in the policies and procedures of the multilateral agencies and non-government organisations to which DFID contributes funding.

Executive Director Edward Farquharson was invited to share the expertise and experiences of PIDG with the Committee on 03 September 2013. The session covered considerable ground asking a range of questions, but focusing on the changing forms of development finance and engagement with the private sector.  Drawing on examples of PIDG projects a compelling case for private sector and DFI financed projects with strong development impacts was presented.

The Committee also explored the idea of a DFID run UK Development Bank, and the skillsets and instruments that would be required.

Sir Malcolm Bruce MP complimented PIDG on its ‘remarkable track record’ and Jeremy Lefroy MP suggested that it was an ‘effective tool’ for UK Aid.

Full transcripts of the Committee Meeting, along with a Parliament TV recording, can be found on the UK Parliament website.