Question to the Foreign, Commonwealth & Development Office:

To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, what assessment she has made of the potential impact of the fall in the value of Sterling on her Department’s total operating budget.

Where possible we seek to make our commitments in British Pound Sterling (GBP) to de-risk the impact of foreign currency fluctuation exposure for example the majority of our ODA programme budget is committed in GBP. Where we cannot commit in GBP, in particular across our operating budget, the Foreign, Commonwealth and Development Office has a Foreign Currency mechanism agreed with HM Treasury to maintain the department's spending power despite changes in the value of Sterling.