PIDG is placed No2 out of 45 aid recipients in DFID’s Multilateral Aid Review
The UK Secretary of State for Development, Andrew Mitchell, recently announced the results of the UK’s Multilateral Aid Review, which aimed to assess various recipients of aid in relation to value for money for UK development and humanitarian objectives. The Private Infrastructure Development Group (PIDG), which GuarantCo is a part of, has been rated “very good” and comes second out of 45 aid recipients. IFC, AfDF, EBRD and 13 other aid recipients have been rated as “good”.
DFID has said that their funding for PIDG will likely at least double, and as a first step, have contributed nearly $20m to EAIF and GuarantCo, both PIDG initiatives, in H1 2011.
DFID’s press release and a copy of the Multilateral Aid Review can be found here: Multilateral Aid Review