Labour vows to make UK development bank a champion of climate justice

Key manifesto pledge includes ending investment in fossil fuel projects and supporting ‘green transitions’ abroad

Labour has pledged to review how hundreds of millions of pounds of foreign aid is spent through the government’s private finance arm and rebrand it as a green development bank.

In a key manifesto commitment, Labour promised to overhaul the CDC, which has received £2bn from the aid UK budget since 2016 to invest in projects in poorer countries.

Continue reading…Read MoreAid, Private sector, Global development, UK news, Labour

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