HC Deb 02 November 1998 vol 318 c301W
Mr. Streeter

To ask the Secretary of State for International Development what provision has been made in her Department's budget in the financial years(a) 1999–2000, (b) 2000–01 and (c) 2001–02 as a result of the privatisation of the Commonwealth Development Corporation. [57612]

Clare Short

Some of the anticipated proceeds from the sale of CDC were taken into account in the provision agreed for the aid programme in the Comprehensive Spending Review announced in July. The precise level of proceeds received from the sale will depend on the prevailing market conditions. It would not be appropriate for market and commercial sensitivity reasons to give estimates of likely proceeds.

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