§ Mr. BayleyTo ask the Secretary of State for Foreign and Commonwealth Affairs what proportion of the British contribution to the World Bank group is used(a) for projects that directly benefit the poorest people in developing countries and (b) to help to meet the goals established at the world summit for children.
§ Mr. Lennox-BoydUnited Kingdom contributions are used to support the overall operations of the World bank. The proportion which can be attributed to projects of this kind cannot readily be estimated.
World bank lending for human resources development has increased almost fivefold since the early 1980s to 14 per cent. of total lending in fiscal years 1990–92, and in particular is focusing on basic social services, including primary health care and education. In fiscal year 1992, the bank estimates that 14 per cent. of new lending was for projects targeted at the poor. A second, equally important, component of the bank's poverty reduction strategy is the promotion of broadly-based economic growth which generates income-earning opportunities for the poor.