HL Deb 20 June 2002 vol 636 c93WA
Lord Ahmed

asked Her Majesty's Government:

What is the United Kingdom's view on the World Bank loan to Pakistan agreed on 11 June. [HL4726]

Baroness Amos

The World Bank Board has voted in favour of the second structural adjustment credit ($500 million) to Pakistan. The loan is part of the international package of assistance to Pakistan's interim poverty reduction strategy and support reform measures that have already been taken. The UK made clear at the board meeting that we strongly support the Pakistan reform agenda but we expressed concerns about the risks posed by the threat of war and the low levels of social and poverty-related expenditures.