To ensure that poverty reduction is central to BII’s investment decisions and to prioritise investments that are critical to recipient countries’ development needs, BII must: (a) take responsibility for where its money is invested by exerting greater oversight and control over the activities of financial intermediaries who invest UK taxpayers’ money. (b) ensure that its investments reduce inequality by targeting investments that generate tax receipts in the country of operation rather than ch...

To ensure that poverty reduction is central to BII’s investment decisions and to prioritise investments that are critical to recipient countries’ development needs, BII must: (a) take responsibility for where its money is invested by exerting greater oversight and control over the activities of financial intermediaries who invest UK taxpayers’ money. (b) ensure that its investments reduce inequality by targeting investments that generate tax receipts in the country of operation rather than channelling money through low-tax jurisdictions that ultimately promote tax savings for those intermediary agents. (c) rigorously monitor all its intermedi Type: conclusion | Number: 16 | Paragraph: 83 | Response status: accepted Government response: Partially Accept The Government agrees that poverty reduction must be central to BII’s investment decisions. BII contributes to poverty reduction by making investments that align with its three strategic objectives: to support productive, sustainable,