Question to the Department for International Development:

To ask the Secretary of State for International Development, what assessment she has made of the effect of recent changes in the relative value of the pound on her Department's finances.

We have conducted an assessment of the effects of recent changes, and our conclusion is that the impact is relatively limited, for 3 reasons:

1. fluctuations are not new;
2. almost all of our payments are in pounds, so fluctuations do not directly impact departmental finances; and
3. the partners we work with are carefully selected to make sure they have robust financial mechanisms in place, to deal with currency fluctuations and other risks.