Poverty and Inequality and UK Aid 2021-04-20
2021-04-20
TAGS
Response quality
Questions & Answers
Q1
Partial Answer
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Context
The MP questions the impact of reducing UK aid budget at a time when developing countries face economic crises.
What recent assessment has been made of the potential effect of reductions in the UK aid budget on poverty in developing countries?
The UK remains a global leader in international development and is committed to supporting the world's poorest people. Based on current GNI forecasts, we will spend over £10 billion of ODA in 2021. The Foreign Secretary has set out seven priorities for the UK's aid budget this year, all of which are in the overarching pursuit of poverty reduction.
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Assessment & feedback
The specific assessment on how reductions affect poverty was not provided
Response accuracy
Q2
Direct Answer
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Context
The MP is concerned about the impact of aid budget cuts and seeks to discuss development bonds with a specific opportunity to arise.
What steps is the FCDO taking to embed innovative finance solutions within its work to ensure that the UK's development approach is effective in combating poverty globally?
The FCDO is testing innovative financing tools that will pull private finance towards sustainable development. A pilot on development impact bonds is currently running, aiming to help 13,000 households in Kenya and Uganda set up income-generating businesses.
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Assessment & feedback
Response accuracy
Q3
Partial Answer
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Context
The MP raises concerns about the government's decision to cut the aid budget during a global pandemic, potentially harming vulnerable populations in developing countries.
Can the Secretary of State guarantee that the co-operative sectors will not be damaged by these cuts at a time when they are vital for reducing poverty and generating wealth?
It is important to note the UK economy's contraction. The Foreign Secretary concluded a cross-Government review on ODA, focusing on seven key priorities including climate and biodiversity, covid and global health security, girls' education, science and research, open societies and conflict, humanitarian assistance, and trade.
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Assessment & feedback
The specific impact on co-operative sectors was not addressed
Response accuracy