TNAG-2743-FCO40-3958-Visits-by-Commonwealth-officials--ministers-and-public-figur-1993 — Page 67

fact that CDC funds are not tied to UK supply was mentioned

in one or two responses as a drawback.

Question 7

Could CDC do more to seek British private sector Co-

investors for their projects?

The majority of Posts felt that CDC was already doing its

best to attract co-investors from the British private

sector, but was hindered by the unattractive investment

climate in the recipient country or the lack of

of good

investment opportunities there

or, as in the case of

Malaysia, because there were few UK firms interested in

such co-operation. Some Posts (eg India, Indonesia and

Uganda) saw scope for more collaboration.

Question 8

Does CDC have a high profile locally? If so among which

groups?

In most recipient countries CDC has a high profile among

government and banking

banking circles and those sectors of

industry/agriculture in which it invests. For obvious

reasons, where CDC is a major investor, especially in small

countries, it tends to have a higher profile than in larger

countries where it is less active or where there already

exists a well developed private sector.