HC Deb 09 February 2004 vol 417 c1168W
Ms Drown

To ask the Chancellor of the Exchequer what contribution the UK will make to the International Finance Facility to 2015; and what proportion of projected GDP this represents. [152921]

John Healey

Final decisions on contributions to the proposed International Finance Facility can only be taken in conjunction with donor partners.

For our part, the UK Government stands ready to commit the additional resources pledged at the 2002 Monterrey Conference, where all EU states agreed to reach 0.39 per cent. ODA/GNI from 2006. The most recent Spending Review announced that UK ODA would reach £4.9 billion from 2005–06, or 0.4 per cent. ODA/GNI, thereby exceeding our Monterrey commitment. This represents a 93 per cent. increase in UK official development assistance since 1997.