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78075

registered interest
date	15/07/2014
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 steps the Government has taken to meet the commitment made by the G20 heads of state in the final declaration of the Cannes Summit in November 2011 to reduce the average cost of transferring remittances to 5 per cent by 2014; and what assessment she made of the likelihood of the UK meeting this commitment.
tabling member constituency	East Renfrewshire
tabling member printed	Mr Jim Murphy
uin	206031
answer	answer is ministerial correction date of answer 21/07/2014 answer text <p> </p><p>The UK is contributing to the achievement of the 5% target by supporting the development of payments infrastructure, with a focus on digitisation to reduce transaction costs.</p><p> </p><p> </p><p> </p><p>We also support piloting and scaling up mobile banking through a Technology Programme for Branchless Banking which is co-funded with the Bill and Melinda Gates Foundation, the Master Card Foundation and the Consultative Group to Assist the Poor (CGAP). As of December 2013, the Programme has helped an estimated 31 million poor people globally to access financial services.</p><p> </p> answering member constituency Putney answering member printed Justine Greening question first answered 21/07/2014 11:56:40 answering member 1555 label Biography information for Justine Greening
tabling member	595 label Biography information for Mr Jim Murphy

78213

registered interest
date	15/07/2014
answering body	Department for International Development
answering dept id	20
answering dept short name	International Development
answering dept sort name	International Development
hansard heading	Africa
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 reduce the cost of sending remittances to Africa.
tabling member constituency	East Renfrewshire
tabling member printed	Mr Jim Murphy
uin	205940
answer	answer is ministerial correction date of answer 21/07/2014 answer text <p> </p><p>DFID is supporting the development of payments infrastructure, with a focus on digitisation to reduce the cost of sending remittances to developing countries including in Africa.</p><p> </p><p> </p><p> </p><p>DFID is also working through the Action Group on Cross Border Remittances to prevent a reduction in competition in UK remittance markets, which could increase sending costs. Information on the Action Group can be found at <a href="https://www.gov.uk/government/policies/helping-developing-countries-economies-to-grow/supporting-pages/enabling-the-continued-flow-of-remittances" target="_blank">https://www.gov.uk/government/policies/helping-developing-countries-economies-to-grow/supporting-pages/enabling-the-continued-flow-of-remittances</a></p><p> </p> answering member constituency Putney answering member printed Justine Greening question first answered 21/07/2014 12:01:12 answering member 1555 label Biography information for Justine Greening
tabling member	595 label Biography information for Mr Jim Murphy