§ Mr. Lawlerasked the Secretary of State for Foreign and Commonwealth Affairs if he will make a statement on the outcome of the negotiations for the eighth replenishment of the International Development Association; and what the United Kingdom will contribute as a result.
§ Mr. Chris PattenNegotiations ended successfully in Rome on 15 December. The total replenishment for commitment over the three years from 1 July 1987, including a negotiated element of $11.5 billion and voluntary additional contributions, will be nearly $12.4 billion. This is a much better result than had earlier been expected. In addition the IDA should be able to lend a substantial further amount on the basis of the repayments it expects to receive over the next few years.
Forty-five to 50 per cent. of all IDA lending will go to sub-Saharan Africa, and up to 30 per cent. to India and China; $3 billion to $3.5 billion will be available to support economic adjustment.
I am glad to say that the United Kingdom offered a voluntary additional contribution of $15 million (about £10 million) on top of our 6.7 per cent. share of the negotiated replenishment, to help achieve this result. Our total contribution, subject to Parliament's approval, will be nearly £525 million.