§ Mr. Nicholas Baker
asked the Secretary of State for Foreign and Commonwealth Affairs what plans Her Majesty's Government have for participation in the World Bank's general capital increase.
§ Mr. Onslow
Her Majesty's Government have acceded to a proposal by the World Bank's management that it should release up to one half of the United Kingdom's allocation of shares under the general capital increase. The United Kingdom's revised allocation will be 12,168 shares.
This will enable the World Bank to accommodate the legitimate claims of other countries which wish to increase their shareholdings, and at the same time help to provide a balance of shares for those wishing to assume bank membership, without the bank having to seek a further increase in its authorised capital.