§ Mr. FlynnTo ask the Secretary of State for Foreign and Commonwealth Affairs if he will make a statement on the level of funds available to the International Fund for Agricultural Development.
§ Mrs. ChalkerSome $567 million has been pledged by OECD, OPEC and developing countries to the third replenishment of the International Fund for Agricultural Development. Negotiations on the replenishment were completed in mid-1989, but it became effective only last December. Together with estimated income from loan repayments, investments and other sources. IFAD should have resources totalling in excess of $1,200 million for commitment over the next three years.
IFAD's special programme for Africa, which attained the $300 million target set in 1986 with voluntary contributions from OECD countries, will be fully committed early this year. IFAD's governing council in May will be invited to consider proposals for extending the programme for a further, and final, phase.