§ 39. Mr. Marplesasked the Secretary of State for Foreign and Commonwealth Affairs what loans or financial assistance 3W he has offered to Ethiopia; on what dates negotiations started; on what dates the initial commitment to loan the money was made; and on what dates and terms it is expected the actual payment of the moneys will be made.
§ Mr. KershawIn April, 1964, the Ethiopian Government was offered, and accepted, a £2 million loan. It is available for development projects to be agreed between the Ethiopian and the British Governments, and is tied to British goods and services. In 1965 the loan was made interest-free, with a 20-years repayment period. Negotiations first commenced in 1963. No detailed agreements covering projects on which the loan is to be used have yet been signed, though three are now under discussion. and it is therefore not possible to say on what dates the loan will begin to be disbursed.