§ Miss Joan Lestor
asked the Minister of Overseas Development how much new financial assistance is being made available to Zambia.
§ Mrs. Hart
An agreement to provide a loan of £9.26 million at 2 per cent. interest for 25 years with a seven year grace period was signed in Lusaka on 11th May. £7½ million will be spent mainly on various essential imports for the agricultural sector already agreed between478W our two Governments and the remaining £1.76 million on 50 Leyland buses for the United Bus Company of Zambia.
During President Kaunda's recent visit my right hon. Friend the Prime Minister told President Kaunda of Her Majesty's Government's intention to make available a further £15 million bilateral aid as a contribution to the international assistance to be arranged at the meeting of the World Bank Consultative Group on Zambia at Paris in June.