HC Deb 03 July 1989 vol 156 cc3-4W
71. Mr. Watts

To ask the Secretary of State for Foreign and Commonwealth Affairs what support he is providing for Guyana's economic reform programme.

Mr. Chris Patten

Provided that the IMF programme remains viable, we shall be providing for the three years 1989 to 1991(a) £13.7 million capital aid for the purchase of United Kingdom imports; (b) a $US8 million bridging loan to help Guyana pay its debt service arrears to the international financial institutions when they fall due in November; (c) a waiver of about £1 million a year of payments due on past United Kingdom aid loans; and (d) a technical co-operation programme costing about £1.5 million a year, aimed primarily at strengthening public sector management.

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