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1226509

registered interest
date	20/07/2020
answering body	Department for International Development
answering dept id	20
answering dept short name	International Development
answering dept sort name	International Development
hansard heading	Remittances
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for International Development, what recent steps she has taken to support diaspora communities in the UK seeking to send remittances abroad to have access to transparent transaction costs in relation to those remittances.
tabling member constituency	Birmingham, Edgbaston
tabling member printed	Preet Kaur Gill
uin	76840
answer	answer is ministerial correction date of answer 27/07/2020 answer text <p>The Government has taken steps to improve transparency in the remittance sector, not just in the UK but globally. We co-lead with the Swiss Government with the support of multilateral organisations on the Global Call to Action to keep remittances flowing and to improve transparency in the sector.</p><p>The department is working closely HM Treasury to improve transparency in the sector. In the UK, we have worked cross Government to develop communication lines to encourage the diaspora community to use digital channels and to review the different options available before sending funding.</p><p>We are working with industry associations and leading remittance service providers on how best to improve transparency in the sector and are reviewing the key lessons from other development agencies who have sought to improve transparency in remittances in their countries.</p><p>We understand the need for remitters to be well informed (especially about the cost of sending money abroad) and are working towards solutions that are sustainable, effective and represent good value for money.</p> answering member constituency Rochford and Southend East answering member printed James Duddridge question first answered 27/07/2020 17:04:03 answering member 1559 label Biography information for Sir James Duddridge
tabling member	4603 label Biography information for Preet Kaur Gill

1225950

registered interest
date	17/07/2020
answering body	Department for International Development
answering dept id	20
answering dept short name	International Development
answering dept sort name	International Development
hansard heading	Standard Chartered Bank: Hong Kong
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for International Development, what assessment she has made of the effect of Standard Chartered Plc endorsement of the Government of China’s proposed security law for Hong Kong on the future of CDC's partnership with that company.
tabling member constituency	Birmingham, Edgbaston
tabling member printed	Preet Kaur Gill
uin	76089
answer	answer is ministerial correction date of answer 23/07/2020 answer text <p>The UK Government speaks regularly with international financial services firms about a range of issues. It is for individual companies to make their own judgements. We have made our own position very clear on China's proposal to impose national security legislation on Hong Kong.</p><p>CDC has a successful partnership with Standard Chartered focused on delivering development impact at scale in Africa and South Asia. For example, during the Ebola crisis CDC’s partnership with Standard Chartered helped provide vital working capital to businesses struggling to pay wages and meet operating expenses when the economy was seizing up.</p><p>Now, during the COVID-19 crisis CDC’s trade and supply chain finance partnerships with Standard Chartered are providing much needed liquidity to businesses in sub-Saharan Africa and South Asia. Being a counter-cyclical investor supporting local businesses during the crisis forms a central element of CDC’s COVID-19 response.</p> answering member constituency Rochford and Southend East answering member printed James Duddridge question first answered 23/07/2020 10:14:11 answering member 1559 label Biography information for Sir James Duddridge
tabling member	4603 label Biography information for Preet Kaur Gill

1225951

registered interest
date	17/07/2020
answering body	Department for International Development
answering dept id	20
answering dept short name	International Development
answering dept sort name	International Development
hansard heading	CDC: Hospitals
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for International Development, pursuant to the Answer of 9 June 2020 to Question 54991 on CDC Group: Hospitals, what the total initial investment value into those hospitals was.
tabling member constituency	Birmingham, Edgbaston
tabling member printed	Preet Kaur Gill
uin	76090
answer	answer is ministerial correction date of answer 22/07/2020 answer text <p>The total initial investment value of these investments was approximately $190 million.</p> answering member constituency Rochford and Southend East answering member printed James Duddridge question first answered 22/07/2020 15:58:39 answering member 1559 label Biography information for Sir James Duddridge
tabling member	4603 label Biography information for Preet Kaur Gill

1225952

registered interest
date	17/07/2020
answering body	Department for International Development
answering dept id	20
answering dept short name	International Development
answering dept sort name	International Development
hansard heading	CDC: Private Equity
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for International Development, how much the CDC Group has invested via private equity funds in each of the last five years.
tabling member constituency	Birmingham, Edgbaston
tabling member printed	Preet Kaur Gill
uin	76091
answer	answer is ministerial correction date of answer 01/09/2020 answer text <p>CDCs invests through Private Equity Funds to provide growth capital to companies in Africa and South Asia to create jobs and transform economies, focussing on the small and mid-size companies that face the biggest financing gap.</p><p>CDC's backing for Fund managers helps promote the adoption of higher Environmental, Social and Governance standards and support the development of self-sustaining local finance markets.</p><p>In the last five years CDC made new investment commitments to private equity funds of:</p><ul><li>2015 - £238m</li><li>2016 - £289m</li><li>2017 - £273m</li><li>2018 - £311m</li><li>2019 - £284m.</li></ul> answering member constituency Rochford and Southend East answering member printed James Duddridge question first answered 01/09/2020 08:07:58 answering member 1559 label Biography information for Sir James Duddridge
tabling member	4603 label Biography information for Preet Kaur Gill

1225953

registered interest
date	17/07/2020
answering body	Department for International Development
answering dept id	20
answering dept short name	International Development
answering dept sort name	International Development
hansard heading	CDC: Tax Havens
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for International Development, how many and what proportion of CDC's investments in which it owns more that 20 percent are based in tax havens.
tabling member constituency	Birmingham, Edgbaston
tabling member printed	Preet Kaur Gill
uin	76092
answer	answer is ministerial correction date of answer 23/07/2020 answer text <p>Wherever possible, CDC invests directly into the country in which an investee company is located. If CDC invests through an intermediate country, it does so only if the country is compliant with international tax transparency standards as monitored by the OECD’s Global Forum on Transparency and Exchange of Tax information. CDC publishes the overall tax contribution of its portfolio; the principal countries in which each investee company pays taxes; the place of incorporation; and the legal domicile of each business or collective investment vehicles in which they invest.</p> answering member constituency Rochford and Southend East answering member printed James Duddridge question first answered 23/07/2020 10:15:48 answering member 1559 label Biography information for Sir James Duddridge
tabling member	4603 label Biography information for Preet Kaur Gill

1200612

registered interest
date	04/06/2020
answering body	Department for International Development
answering dept id	20
answering dept short name	International Development
answering dept sort name	International Development
hansard heading	CDC: Hospitals
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for International Development, pursuant to the Answer of 27 April 2020 to Question 40722, on CDC Group: Hospitals, what the total value was of (a) initial and (b) current investments into those hospitals.
tabling member constituency	Birmingham, Edgbaston
tabling member printed	Preet Kaur Gill
uin	54991
answer	answer is ministerial correction date of answer 09/06/2020 answer text <p>The value of the CDC investments listed in answer to Parliamentary Question 40722 was $190 million at the time of submitting that answer. The value of investments fluctuates during the period over which they are held by CDC. As a result of the disruption caused by the current pandemic across global markets, market volatility is particularly high at present. The last available valuation for the above investments is $196 million.</p> answering member constituency Rochford and Southend East answering member printed James Duddridge question first answered 09/06/2020 15:31:16 answering member 1559 label Biography information for Sir James Duddridge
tabling member	4603 label Biography information for Preet Kaur Gill

1198298

registered interest
date	01/06/2020
answering body	Department for International Development
answering dept id	20
answering dept short name	International Development
answering dept sort name	International Development
hansard heading	Developing Countries: Bank Services
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for International Development, with reference to her Department's press release, UK calls for global action to protect vital money transfers, published on 22 May 2020, what recent steps her Department has taken to make it easier for diaspora communities in the UK and other countries to continue to transfer money to their relatives during the covid-19 pandemic.
tabling member constituency	Birmingham, Edgbaston
tabling member printed	Preet Kaur Gill
uin	52330
answer	answer is ministerial correction date of answer 04/06/2020 answer text <p>Previous DFID support is already helping to make money transfers easier, by helping 65 million people in the poorest countries access digital financial services so they can receive funds – including from diaspora communities in the UK – via their mobile phones or online. DFID support is also helping to give 2 million more people access to digital remittance services so that they can send and receive money from home.</p><p>In the crisis, the UK Government has made it clear that in the UK people can continue to visit money transfer businesses should they need to, while observing social distancing and staying safe.</p><p>And as referenced in the question, the UK has launched – along with Switzerland, and with support from the World Bank and UN agencies – a global Call to Action on remittances, which calls on policymakers, regulators and remittance service providers round the world to take action to ensure that diaspora communities can continue to transfer money to their relatives during the crisis.</p> answering member constituency Rochford and Southend East answering member printed James Duddridge question first answered 04/06/2020 15:30:50 answering member 1559 label Biography information for Sir James Duddridge
tabling member	4603 label Biography information for Preet Kaur Gill

1198299

registered interest
date	01/06/2020
answering body	Department for International Development
answering dept id	20
answering dept short name	International Development
answering dept sort name	International Development
hansard heading	Bank Services: Fees and Charges
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for International Development, with reference to her Department's press release, UK calls for global action to protect vital money transfers, published on 22 May 2020, what steps her Department is taking to ensure that remittance service providers reduce fees for people making payments during the covid-19 pandemic.
tabling member constituency	Birmingham, Edgbaston
tabling member printed	Preet Kaur Gill
uin	52331
answer	answer is ministerial correction date of answer 08/06/2020 answer text <p>The UK has launched, along with Switzerland and with support from the World Bank and UN agencies, a global Call to Action on remittances, which calls on policymakers, regulators and remittance service providers round the world to take action to ensure that diaspora communities can continue to transfer money to their relatives during the crisis.</p><p>This Call to Action specifically calls on remittance service providers to explore measures such as reducing remittance transaction costs. We are committed to achieving the Sustainable Development Goals target of reducing the global average costs of remittances to 3% by 2030, from the current level of around 6.8%.</p><p>The World Bank is conducting regular surveys of remittance costs in a number of corridors during the crisis. These surveys show that for most of the corridors surveyed that start in the UK, remittance costs are lower now than before the crisis.</p> answering member constituency Rochford and Southend East answering member printed James Duddridge question first answered 08/06/2020 15:49:55 answering member 1559 label Biography information for Sir James Duddridge
tabling member	4603 label Biography information for Preet Kaur Gill

1198385

registered interest
date	01/06/2020
answering body	Department for International Development
answering dept id	20
answering dept short name	International Development
answering dept sort name	International Development
hansard heading	Overseas Development Institute: Coronavirus
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for International Development, what steps her Department is taking to support Overseas Development Institute fellows who have been evacuated due to covid-19 to complete their contracts when it is safe to do so.
tabling member constituency	Birmingham, Edgbaston
tabling member printed	Preet Kaur Gill
uin	52332
answer	answer is ministerial correction date of answer 08/06/2020 answer text <p>The ODI Fellowship Scheme recruits and posts early career economists and statisticians of different nationalities to work as civil servants in developing country institutions for two-year placements. Approximately 80% of Overseas Development Institute fellows have been evacuated to their home countries. Seventeen remain at post, most of whom are engaged in supporting their host governments’ COVID-19 response. We are liaising closely with ODI on their plans to return fellows to post when it is safe to do so and to ensure the continuing safety of those remaining. Most fellows are working remotely and are continuing to support their host governments. We are working with ODI to ensure that fellows are able to operate effectively in these circumstances.</p> answering member constituency Rochford and Southend East answering member printed James Duddridge question first answered 08/06/2020 16:28:27 answering member 1559 label Biography information for Sir James Duddridge
tabling member	4603 label Biography information for Preet Kaur Gill

1198603

registered interest
date	01/06/2020
answering body	Department for International Development
answering dept id	20
answering dept short name	International Development
answering dept sort name	International Development
hansard heading	Developing Countries: Climate Change
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for International Development, what steps she is taking to ensure that the funding her Department commits to tackling the covid-19 pandemic in developing countries does not negatively affect programmes to tackle climate change.
tabling member constituency	Birmingham, Edgbaston
tabling member printed	Preet Kaur Gill
uin	52333
answer	answer is ministerial correction date of answer 04/06/2020 answer text <p>Tackling climate change and building resilience remain priorities for the Government. Our international response to COVID-19 is focused on securing a strong global health response, accelerating the search for a vaccine and new treatments, and supporting the global economy. We believe that there is a connection between healthy lives, healthy societies and a healthy environment.</p><p>The steps taken to support and rebuild economies will have an impact on future sustainability, resilience and well-being. At the invitation of the United Nations Secretary General, the Prime Minister recently addressed other world leaders on ‘recovering better for sustainability,’ and as we prepare for COP26, the Government is urging the world to take the opportunity to make the recovery clean, inclusive and resilient.</p> answering member constituency Rochford and Southend East answering member printed James Duddridge question first answered 04/06/2020 15:32:08 answering member 1559 label Biography information for Sir James Duddridge
tabling member	4603 label Biography information for Preet Kaur Gill