§ Mr. Oramasked the Secretary of State for Industry, Trade and Regional Development if he will detail the difficulties mentioned in his speech at the United Nations Conference on Trade and Development concerning schemes for long-term compensatory finance for developing countries.
§ Mr. D. PriceThe various schemes suggested are open to different objections. A major objection is that the schemes seek, to a greater or less degree, to relate the grant of financial assistance to criteria which do not fully take into account the needs of developing countries or the capacity of donor countries to give assistance.