HC Deb 12 June 1975 vol 893 c217W
Q4. Mr. Graham

asked the Prime Minister if he will make a statement on the role of the proposed Commonwealth Investment Bank which was discussed at the recent Heads of State Conference.

Q32. Mr. Cartwright

asked the Prime Minister if, following the Commonwealth Conference, he will make a statement about plans to establish a Commonwealth Investment Bank.

The Prime Minister

If such a Bank were established, its principal functions would be to identify and promote good project proposals of a commercially viable nature in developing member countries; to mobilise finance; and to identify and negotiate with partners in joint ventures.