Friday, 3 December, 2021
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UK to expand dev finance investment to boost growth

UK to expand dev finance investment to boost growth

LONDON: Britain will expand the size and reach of its development finance institution to provide billions of pounds of investment in infrastructure and technology in countries across Asia, Africa and the Caribbean, the government said.

Announcing a plan to rebrand government-owned development investment company CDC as British International Investment (BII), the Foreign Office said the move was part of a strategy to deepen economic, security and development ties globally, report agencies.