§ Lord Kennet
asked Her Majesty's Government:
Whether it will be open to the European Bank for Reconstruction and Development to assist in the financing of the arms industry in Eastern European countries.1366WA
§ Lord Brabazon of Tara
The bank's lending will be directed primarily at encouraging growth in the private sector and no areas are specifically excluded. Any proposals for lending will need to win the approval of the board of directors. We do not envisage that the European Bank for Reconstruction and Development would make finance available to the arms industries in Eastern European countries.