Development agency seeks new PR director

The Commonwealth Development Corporation, the Government agency which invests in developing countries, is to lose its corporate communications director a year before its planned privatisation.

The Commonwealth Development Corporation, the Government agency

which invests in developing countries, is to lose its corporate

communications director a year before its planned privatisation.



Incumbent Sean Magee, who has held the post for three years, is leaving

at the end of the year to become the representative for the Economic

Development Finance Institutions, the Brussels-based organisation which

brings together the international development agencies of individual EU

governments.



Magee reports to Commonwealth Development Corporation chief executive

Roy Reynolds and oversees a team of five, covering internal and external

communications. Magee’s replacement will also cover investor relations,

a new reponsibility for the post, arising from the agency’s pending

privatisation, which is due at the end of next year.



The Commonwealth Development Corporation is keen to raise its profile in

order to attract potential investors but also to reassure its current

partners, including development charities, that it will remain committed

to investing in the developing world after privatisation.



The corporation invests in private sector economic generation projects

in 50 developing countries, 70 per cent of which are members of the

Commonwealth.



Its largest area of activity is India and Pakistan, followed by

sub-Saharan Africa. The agency is primarily funded by the Government,

which lends it pounds 755 million annually, via the Department of

International Development.



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