Seema Malhotra

Seema Malhotra

Labour (Co-op) — Feltham and Heston

Speaking in the House of Commons on 4 November 2025

Debate

Official Development Assistance Reductions

Contribution

I have a number of points to make, but I will come back once I have made them. On changing from donor to investor, a number of comments were made about British International Investment and other development finance institutions. These are central to the UK’s shifts. BII deploys patient capital to stimulate private-sector growth in developing countries, balancing financial returns with development impact. Indeed, we have seen our partnerships grow, such as with the Gates Foundation. Our co-investments with the Gates Foundation in breeding wheat with higher zinc and climate resilience have benefited more than 97 million people in Pakistan, positively impacting their health and quality of life. In Ghana, the UK is using its development relationship to support Ghana’s goal to move beyond aid. A Ghanaian textile factory financed by British International Investment has grown into one of west Africa’s largest, providing 6,000 jobs, mainly for women, and exporting garments globally.

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