Oral Answers to Questions Debate

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Department: Cabinet Office

Oral Answers to Questions

James Gray Excerpts
Wednesday 23rd May 2018

(5 years, 11 months ago)

Commons Chamber
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Penny Mordaunt Portrait Penny Mordaunt
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I agree with the hon. Gentleman that co-operatives can be a hugely powerful and empowering model for delivering economic development. I do not think we should have just a small £5 million fund. We should be levering all the investment we have from DFID into those organisations. Through a new initiative, “GREAT for Partnership”, we hope to build connections with organisations that can do just that.

James Gray Portrait James Gray (North Wiltshire) (Con)
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The Secretary of State mentioned in passing the role of women in developing countries, particularly in the agricultural context. Does she agree that microfinance is an incredibly important way of developing women in such areas? What more will the Department do to enhance, prolong and enlarge the use of microfinance in agriculture in developing countries?

Penny Mordaunt Portrait Penny Mordaunt
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DFID has a proud tradition as a leader in initiatives that empower women, including economically. Microfinance is critical to that. In most countries where we have a presence, we are running such a programme specifically for women.