§ Mr. CorbynTo ask the Chancellor of the Exchequer what the total loans by(a) the IMF and (b) the World Bank have been since 1995 to Malaysia; what (i) environmental, (ii) human rights and (iii) economic conditions were applied; and what monitoring has taken place in respect of these conditions. [57522]
§ Ms Hewitt[holding answer 2 November 1998]: Total loan disbursements by the IMF and World Bank to Malaysia since 1995 (US$ million) are as follows:
IMF ld Bank 1995 — 28.9 1996 — 6.0 1997 — 9.1 1998 (expected) — 339.9 (a) Malaysia has not had an IMF programme in the years since 1995, and so has not received any disbursements from the IMF.(b) (i) All World Bank projects and programmes take account of environmental guidelines issued by the World Bank and agreed by the Board. A copy of the guidelines has been placed in the House of Commons library.(ii) No human rights conditions are attached to World Bank loans.(iii) Different conditions are applied to different projects and programmes; adjustment operations in countries affected by crisis typically focus on mitigating the effects on the poorest groups in society and on promoting structural reforms.Conditions are monitored carefully, and their fulfilment is a requirement for the release of subsequent loan tranches.