Question to the Foreign, Commonwealth & Development Office:

To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, what steps he has taken to ensure that increased CDC investment in Myanmar does not benefit military companies.

Development Finance Institutions like CDC can bring investments in infrastructure, renewable energy and the financial sector to help support inclusive growth and tackle poverty. As part of the UK's enhanced private sector due diligence regime, the FCDO requires partners to review supply chains and remove military owned companies from their supply chains. This includes careful work to ensure CDC investment does not benefit the military. CDC's investments in Myanmar are subject to a rigorous assessment of business integrity risks; this assessment includes a review of a business's potential exposure to the military. CDC proactively manages this risk at three levels; through pre-investment due diligence, ongoing monitoring and engagement with investees, and requirements placed on investees. CDC continues to evolve its approach to learn lessons of how businesses can become exposed to the military and how to decrease and eliminate this exposure for its investees.