HC Deb 02 November 1973 vol 863 cc18-9W
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 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
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.

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