Investments by UK development finance body have ‘harmed society and environment’

Investments by UK development finance body have ‘harmed society and environment’

T

he UK’s development finance institution is using taxpayers’ money for some “questionable investments” including in fossil fuels and a cosmetic surgery firm in India, MPs have warned.

Some investments do not have a focus on tackling poverty, are at odds with the Government’s policies or have even “harmed society and the environment”, according to the Commons committee tasked with scrutinising UK aid spending.