HC Deb 16 November 1982 vol 32 cc96-7W
Mr. Deakins

asked the Chancellor of the Exchequer how much was lent by the International Monetary Fund and the World Bank to least developed countries and to other developing countries in 1981–82.

Mr. Bruce-Gardyne

The information is as follows:

(i) International Monetary Fund 1981–82
SDR—million
Standby arrangements Extended arrangements Compensatory Financing Facility
Least developed countries* 480.03 178.75
Other developing countries 2,626.18 8,221.35 1,456.00
Total 3,106.21 8,221.35 1,634.75

Source: International Monetary Fund annual report 1982.

* The least developed countries are those that appear in the United Nations list as at 30 June 1982.

The figures relate to commitments made under adjustment programmes and purchases made under the fund's compensatory facility for export shortfalls in the fund's fiscal 1981–82—1 May 1981–30 April 1982.

(ii) World Bank 1981–82
$ million
IBRD IDA Total
Least developed countries* 20 1,039.1 1,059.1
Other developing countries 10,309.6 1,647.2 11,956.8
Total 10,329.6 2,686.3 13,015.9

Source: World Bank annual report 1982.

* The least developed countries are those that appear in the United Nations list as at 30 June 1982.

Allowances increased to Cost of allowance increase Reduction in number of taxpayers* Additional cost† of:
(i)lower rate-band at 10 per cent. (ii) lower rate bands at 10 per cent.
£ billion million £ billion £ billion
(a) Single £1,800, married £3,000 3.1 1.5 4.4 6.2
(b) Single £2,000, married £3,500 5.6 2.8 4.2 5.9

* Counting husband and wife separately

† Cost of introducing lower rate band(s) on top of the cost of the increase in allowances