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Joe Powell
Main Page: Joe Powell (Labour - Kensington and Bayswater)Department Debates - View all Joe Powell's debates with the Foreign, Commonwealth & Development Office
(1 day, 14 hours ago)
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Joe Powell (Kensington and Bayswater) (Lab)
The reduction to 0.3% will require painful decisions, but there are innovative financing mechanisms on which Britain could lead—for example, increasing special drawing rights, using the exchange equalisation account, guarantees and debt relief. Can the Minister commit to working with the Treasury to look at all these non-ODA instruments in which Britain could show leadership and fund our development programmes?
Stephen Doughty
I absolutely can make that commitment. I will not go into any individual item on my hon. Friend’s list of suggestions, but as I said in an earlier answer, we are looking at all measures by which we can support development and economic growth globally, working with multilateral partners.