(3 years, 2 months ago)
Commons ChamberCovid-19 has raised the stakes for girls’ education, deepening the crisis that they already face in basic skills, and too many children have missed crucial schooling since last year, which we know does long-term damage to their future and disproportionately affects girls. The UK is committed to standing up for the right of every girl around the world to 12 years of quality education. That is why the UK has put girls’ education at the heart of our G7 presidency, and we are co-hosting the global education summit with Kenya in July.
I thank my hon. Friend for her response. Does she agree that the G7 announcement on girls’ education represented a huge boost to our efforts to ensure that girls around the world get the education that they need and deserve?
Absolutely. We have put girls’ education at the heart of our G7 presidency and made huge strides in achieving our ambition of standing up for the right of every girl to 12 years of quality education. At the G7 summit in Cornwall, the Prime Minister secured a landmark commitment from our G7 partners to pledge at least $2.7 billion to the Global Partnership for Education ahead of the global education summit. That includes £430 million from the UK, which is an uplift of 15% on our current position as top bilateral donor, and our largest ever pledge to the GPE. That, along with our commitments to getting 40 million more girls into schools and 20 million more girls reading by the age of 10 in the next five years, demonstrates the commitment that this Government are putting into girls’ education.
(3 years, 4 months ago)
Commons ChamberThe 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. This new strategic approach will allow us to achieve greater impact from our aid budget, notwithstanding the difficult financial position that we face, and UK ODA continues to serve the primary aim of reducing poverty in developing countries.
I thank the Minister for her response. I am pleased that I am due to meet the Under-Secretary of State for Foreign, Commonwealth and Development Affairs, my hon. Friend the Member for Rochford and Southend East (James Duddridge), shortly to discuss development bonds and a specific opportunity that has arisen. What steps is the FCDO taking to embed innovative finance solutions within the Department’s work to ensure that the UK’s development approach is the most effective at combating poverty globally?
My hon. Friend makes an important point. I know that this is something she takes an interest in. Aid alone cannot deliver the sustainable development goals. The $2.5 trillion annual financing gap for the SDGs means that we need creative solutions that engage the private sector to end global poverty, and the FCDO is testing innovative financing tools that will pull private finance towards sustainable development. We are currently running a pilot on development impact bonds that will draw in impact investment to achieve the SDG outcomes, such as helping 13,000 households living in extreme poverty in rural Kenya and Uganda to set up income-generating businesses.