§ Lord Kennetasked Her Majesty's Government:
What is the constitution or organisation of the Gulf Crisis Financial Co-ordination Group; how is it staffed, chaired, and from where does it operate; what, if any, is its relationship to any United Nations body; what sums has it so far been promised, and by whom; what sums has it so far received, and from whom; and what sums has it so far dispensed, and to whom.
The Earl of CaithnessThe Gulf Crisis Financial Co-ordination Group was established by the United States to assess the needs of countries most directly affected by the Gulf crisis and to mobilise the flow of assistance. It is staffed and chaired by the US Treasury. Substantive meetings have taken place in Washington and Rome, the latter being co-chaired by the EC Presidency. A working committee, which meets in Washington, has also been established. Membership of the group is open to any country providing assistance to affected countries. The IMF and IBRD attend meetings in an advisory capacity. The group has no connection with the United Nations.
Some $13.4 billion has been pledged for disbursement by end 1991; the Gulf States have committed $8.8 billion; Japan $2 billion; and others $2.6 billion. Of this, $10.5 billion is destined for Egypt, Jordan and Turkey, with the remainder for other badly affected countries.