Developing Countries: Microfinance

International Development written question – answered on 23rd November 2010.

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Photo of Damian Hinds Damian Hinds Conservative, East Hampshire

To ask the Secretary of State for International Development what recent assessment he has made of the effectiveness of microfinance programmes supported by his Department.

Photo of Alan Duncan Alan Duncan The Minister of State, Department for International Development

The Department for International Development's (DFID's) Business Plan 2011-15 commits to developing new projects on microfinance as part of the Government strategy to foster wealth creation and economic growth in developing countries.

All DFID programmes are currently being reviewed under the Bilateral and Multilateral Aid Reviews, to ensure UK aid is effective, represents value for money and brings real benefits to the world's poor. DFID has also commissioned a systematic review of the impact of microfinance on poor people. This report will be posted on the DFID website early next year. Both these exercises will inform DFID's future support in this area.

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