International Development written question – answered on 18 December 2007.
Annette Brooke
Shadow Spokesperson (Children, Schools and Families), Shadow Minister (Education), Shadow Spokesperson (Home Affairs)
To ask the Secretary of State for International Development if he will implement in other countries a financial sector deepening project such as that under way in Uganda.
Gareth Thomas
Parliamentary Under-Secretary(Department for International Development) (Trade Policy) (also Business, Enterprise and Regulatory Reform), Parliamentary Under-Secretary (Department for Business, Enterprise and Regulatory Reform) (Trade and Consumer Affairs) (also Department for International Development), Party Chair, Co-operative Party
The Department for International Development is engaged in a range of financial deepening projects in a number of countries. For example, we are implementing programmes in Ghana, Kenya, Nigeria and Tanzania and in Bangladesh and Pakistan. We are committed to supporting the development of strong and inclusive financial sectors that contribute to growth and poverty reduction, and to working in partnership with other donors, partner governments and financial sector institutions.
In Uganda, we have provided £7 million over the past six years to deepen the capacity of the financial sector to meet the financial needs of poor rural and urban households. Our support has contributed towards Uganda being recognised internationally as a success story in microfinance.
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