TNAG-2743-FCO40-3958-Visits-by-Commonwealth-officials--ministers-and-public-figur-1993 — Page 66

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telecommunications,

water, waste

disposal)

offered

opportunities in the private as well as the public sector.

Several Posts stressed the importance of privatisation and

opportunities in the private sector.

Question 5

Has CDC's presence encouraged (a) direct private investment

by UK or other foreign and local investors or (b) other

investment in local institutions set up to finance private

investment? If so, please give examples.

Most Posts answered affirmatively, particularly to 5(a),

although a number suggested that the affects of

of CDC's

presence were not great. In some countries, particularly

in Asia where economic growth has been rapid in recent

years, CDC was only a small player in a much bigger game

and attracting private sector investors was not difficult.

In other countries the reverse was true.

Question 6

To what extent does CDC's presence promote UK commercial

interests? Please give any examples.

The response was very mixed to

to this question. Overall

however, the benefits appeared to be limited though some

Posts felt there was potential for CDC to do more. The

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