HC Deb 29 June 1967 vol 749 c119W
Mr. Judd

asked the Minister of Overseas Development what is the net effect on United Kingdom balance of payments of each £ sterling granted to the International Development Association.

Mr. Bottomley

I.D.A. contracts are awarded on the basis of international competitive tender. The cumulative total of contracts placed up to 31st December 1966 showed that the United Kingdom had received order equivalent to about 30 shillings for every £1 sterling contributed by the British Government.