Africa

(asked on 15th July 2014) - View Source

Question to the Department for International Development:

To ask the Secretary of State for International Development, what steps she is taking to reduce the cost of sending remittances to Africa.


Answered by
Justine Greening Portrait
Justine Greening
This question was answered on 21st July 2014

DFID is supporting the development of payments infrastructure, with a focus on digitisation to reduce the cost of sending remittances to developing countries including in Africa.

DFID is also working through the Action Group on Cross Border Remittances to prevent a reduction in competition in UK remittance markets, which could increase sending costs. Information on the Action Group can be found at https://www.gov.uk/government/policies/helping-developing-countries-economies-to-grow/supporting-pages/enabling-the-continued-flow-of-remittances

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