Developing Countries: Cooperatives and Social Enterprises

(asked on 4th December 2017) - View Source

Question to the Department for International Development:

To ask the Secretary of State for International Development, what plans she has to increase her Department's work on promoting (a) co-operatives and (b) social enterprises.


Answered by
Alistair Burt Portrait
Alistair Burt
This question was answered on 11th December 2017

Under the current Organisation for Economic Co-operation and Development’s (OECD) Development Assistance Committee (DAC) rules the three hurricane affected Overseas Territories, Anguilla, the Turks and Caicos Islands and the British Virgin Islands, are not eligible to receive Official Development Assistance (ODA) due to their Gross National Income (GNI) per capita being above the ODA eligibility cut off point. The United Kingdom (UK) Government has committed £142 million of non-ODA funding to the hurricane relief effort in the Overseas Territories. In addition up to £300 million of loan guarantees will be available to help the affected Overseas Territories access the funds needed to Build Back Better. ODA rules have not and will not stop Britain dedicating the money needed for the hurricane recovery and reconstruction the Overseas Territories.

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