HC Deb 07 August 1972 vol 842 cc259-60W
Mr. George Cunningham

asked the Secretary of State for Foreign and Commonwealth Affairs (1) what his estimate is of Britain's private investment, as defined for the United Nations Conference on Trade and Development targets as a percentage of gross national product in the calendar year 1971 and the financial year 1971–72;

  1. (2) what his estimation is of the increase in the outstanding level of export credits to developing countries—as defined for the United Nations Conference on Trade and Development target—as a 260 percentage of gross national product in 1971 and 1971–72;
  2. (3) what his estimation is of British official aid—as defined for the United Nations Conference on Trade and Development target—as a percentage of gross national product in the calendar year 1971 and the financial year 1971–72.

Mr. Wood

Following are the figures:

1971
Percentage of
Gross National
Product
Net official flows .42
Net export credits .42
Net private investment .29*

For completeness, voluntary flows amounted to 0.02 per cent. of GNP and total net financial flows from Britain to developing countries in 1971 were 1.15 per cent. of GNP. Neither GNP figures nor private investment figures are available for financial years.

*The figure for private investment is a preliminary estimate only and may be subject to significant revision.