Adam Afriyie – 2014 Parliamentary Question to the Department for International Development

The below Parliamentary question was asked by Adam Afriyie on 2014-03-31.

To ask the Secretary of State for International Development, how much funding her Department allocated to microfinance schemes in (a) 2010-11, (b) 2011-12 and (c) 2012-13.

Lynne Featherstone

DFID’s work on microfinance is integrated into broader financial sector development programmes that work to strengthen policy and regulation, build infrastructure and innovate new products and services that meet the needs of poor people.

DFID monitors expenditure in terms of actual spend. Actual spend on the financial sector development portfolio totalled £50.9 million in 2010-11; £50.9m in 2011-2012 and £59.2m in 2012-2013. Cumulative spend between 2007 and 2012 totalled £282.0m.