§ Sir Bernard Braine
asked the Secretary of State for Foreign and Commonwealth Affairs if he will give details of the recent agreement to replenish the resources of the International Development Association.
§ Mr. Wood
Negotiations for the fourth replenishment of the resources of the International Development Association have been successfully concluded. Twenty-four members of the association, including 21 Part I members and three Part II members, together with Switzerland, have agreed to contribute US $4,500 million, subject to the approval where necessary by legislatures. Provided that such approval is given, the replenishment 19W will come into effect on 1st July 1974.Details of the contributions are:
Part I Countries U.S. Dollars (equivalent) Australia 90,000,000 Austria 30,600,000 Belgium 76,500,000 Canada 274,500,000 Denmark 54,000,000 Finland 25,200,000 France 253,545,000 Germany 514,500,000 Iceland 1,350,000 Ireland 7,500,000 Italy 181,350,000 Japan 495,000,000 Kuwait 27,000,000 Luxembourg 2,250,000 Netherlands 132,750,000 New Zealand 11,745,000 Norway 49,500,000 South Africa 9,000,000 Sweden 180,000,000 United Kingdom 499,500,000 United States of America 1,500,000,000 Part II Countries U.S. Dollars (equivalent) Israel 1,000,000 Spain 13,333,000 Yugoslavia 5,000,000 Switzerland* — Total 4,500,000,000 * It is expected that the outstanding balance will be covered by an interest-free loan from the Swiss Confederation to be approved by the Swiss Federal Council and Parliament.