§ Mr. Pavitt
asked the Minister of Overseas Development what new financial aid the United Kingdom offered to India and Pakistan at the Consortia meetings organised by the World Bank in Paris from 19th to 23rd May, 1969.
§ Mr. Prentice
£38 million was pledged for India and £9.5 million for Pakistan for 1969–70. As in the case of previous aid to India and Pakistan, this will be in the form of interest-free loans repayable over 25 years with a grace period of seven years before repayments of capital begin. These pledges are intended to maintain disbursements of aid at broadly the same level as during recent years. Disbursements during 1969–70 will, of course, be contained within the overall aid programme of £205 millions, and will be charged to the Overseas Aid (Bilateral) Vote in due course.