9. To ask the Secretary of State for International Development whether his Department plans to support the German proposal to create a microcredit fund for African entrepreneurs at the forthcoming G8 summit. (130168)

We are working closely with our G8 partners to agree concrete proposals to expand access to financial services in Africa. We support the ‘Making Finance Work for Africa’ initiative proposed by the German Presidency and the World Bank.

We are waiting for further more specific details of the regional micro credit fund proposal.