...the Private Sector
Private Sector Development in Infrastructure
DFID works closely with both multilateral agencies and bilateral donors to
encourage and facilitate private sector participation and investment in
infrastructure and basic services, which in turn contribute to sustainable
economic growth and poverty reduction in developing countries.
In partnership with other like-minded donors, DFID has contributed to the
development of a range of initiatives intended to address the major constraints
to the private sector. Details of these are contained in a brief overview of
DFID support for Public Private Partnerships in infrastructure
DFID wholly owns the Commonwealth Development
Corporation , although it has no involvement in
the day-to-day running of the company. CDC is a public company and aims "to
maximise the creation and growth of viable businesses in poorer developing
countries, through responsible investment and mobilising private finance".
CDC also manages Actis, an investment fund management company, which manages
CDC's existing portfolio of investments as well as its commitments to a group of
new funds for Africa, South Asia, Power SMEs, China and Malaysia. Actis is a
limited liability partnership between its management, staff and Government. DFID
owns 40% of Actis.
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