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Perhaps most importantly, we expect this programme to help up to 3 million of the poorest people in the region so that they can cope better with the impacts of climate variability and climate change – particularly floods and drought.

Finally they discussed the importance of adapting to emerging threats and the way in which the UK could contribute to increasing cyber capabilities among NATO allies.

Mr President, this is a problem not just for tomorrow, but for today. Every year water insecurity costs the global economy $500 billion. That’s 500 billion lost to inadequate water and sanitation, lost to urban flood damage, lost to agriculture wastage through droughts and floods.

LIBOR fines are collected from banks who break banking rules, and are given directly to causes benefitting armed forces and emergency services charities.

From winter 2017, Finance Bills will be introduced following the Budget. The aim will be to reach Royal Assent in the spring, before the start of the following tax year. This change in timetable will help Parliament to scrutinise tax changes before the tax year where most take effect.