§ Mr. Dalyellasked the Chancellor of the Exchequer what further consideration he has given to the rôle of special drawing rights in relation to the needs of developing countries.
§ Mr. Edmund DellThe new Interim Committee of the IMF is to reconsider the possibility and modalities of establishing a link between development assistance and SDR allocation. The application of detailed arrangements for distribution would first require general agreement on the principle of a link and on the global requirement for the creation of increased liquidity through an SDR allocation. As my right hon. Friend told the House on 18th June, Her Majesty's Government favours a link, and will work to achieve it.