Economy: Remittances Debate
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Baroness Anelay of St Johns
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Economy: Remittances
Baroness Anelay of St Johns Excerpts(3 years, 9 months ago)
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The Deputy Speaker (Lord Faulkner of Worcester) (Lab)
The noble Baroness, Lady Stuart of Edgbaston, does not appear to be on the call, so I call the noble Baroness, Lady Anelay of St Johns.
Baroness Anelay of St Johns (Con) [V]
My Lords, I welcome what the Minister has said so far. What opportunities have the Government identified specifically to support greater access to local secure remittances as a consequence of their work with the World Bank and the UK’s Financial Sector Deepening Africa programme?
Lord Ahmad of Wimbledon (Con)
My Lords, we are committed to working with the World Bank. It is noticeable that the World Bank has talked about the challenge of the decline in remittances. Across the key countries, including in sub-Saharan Africa, we are working to ensure prioritisation of access and looking at more innovative schemes. Last year, as my noble friend will recall, we launched an initiative with Switzerland in this respect.