British International Investment (BII), the UK’s development finance institution and impact investor, today said it is aiming to drive £15 billion of new capital into developing countries as it unveiled its new five-year strategy. A central pillar of the new strategy, launched by Minister for Development Jenny Chapman, is a focus on accelerating the flow of private capital to developing countries. Of the £15 billion, BII will contribute up to £8 billion, with the balance coming from private institutions. For every £1 of public money, BII expects to crowd-in around…
Read MoreBritish International Investment targets £15 billion of capital for developing economies as it launches climate initiative as part of new five-year strategy
