HC Deb 05 April 1990 vol 170 c734W
Mr. Jacques Arnold

To ask the Secretary of State for Foreign and Commonwealth Affairs whether the Government have any plans for additional overseas aid.

Mrs. Chalker

Yes. At the Zambia consultative group on 9 to 11 April we intend to pledge a new grant of £30 million. It is to be spent on essential imports required to implement the economic reform programme for 1990 that Zambia has agreed with the International Monetary Fund. We are also offering to reschedule some £12.85 million of repayments, including accumulated arrears, due to Britain in 1990–91 on past aid loans to Zambia. These new measures are additional to our technical co-operation programme, worth some £14 million last year. In addition, the external financing limit for the Commonwealth Development Corporation will be increased by £25 million from £28 million to £53 million. The increase will enable the corporation to continue assisting the economies of developing countries, in particular in the private sector. These increases in aid will be met in part by a charge to the reserve of £30 million; the remainder will come from the existing overseas aid programme.

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