British International Investment, (BII), formerly the Commonwealth Development Corporation (CDC), has announced its return to the Caribbean following an absence of several decades.
Styling itself as being “at the heart of the UK Government’s international financing offer to development countries,” BII says that it is located “at the heart of the UK Government’s international financing offer to emerging economies,” and that its interests include “building partnerships with British businesses that operate in developing and emerging economies and who share our aims. ”
Styling itself as “a key partner to emerging economies that are most vulnerable to climate emergency,” the company says that over the next five years at least 30 per cent of its new investment commitments will be focussed on climate finance as part of what it says is a broader mission to help “solve the biggest global development challenges by investing “flexible capital to support private sector growth and innovation.”
