§ Mr. Frank Cook
asked the Secretary of State for Foreign and Commonwealth Affairs how much Her Majesty's Government are prepared to contribute to the International Development Association's supplementary fund; and if this contribution will be made regardless of whether the United States of America or any other donors make a contribution.
§ Mr. Raison
No formal negotiations have yet taken place on supplementary financing for IDA. The management intends to seek additional resources of up to $3 billion, assuming a United States share of 25 per cent. Our potential contribution to funding of that order would be some £134 million based on the British share and on the exchange rates that obtained for IDA 7. Our contribution, like that of many other donors, will depend on equitable burden-sharing arrangements; it would not, however, be conditional upon United States participation, although we would hope that it would eventually join in.