HC Deb 16 February 1978 vol 944 cc356-7W
Mr. Nicholas Winterton

asked the Chancellor of the Exchequer what is the United Kingdom's indebtedness to the International Monetary Fund.

Mr. Robert Sheldon

United Kingdom drawings from the IMF after repayment of the $1,000 million announced by my right hon. Friend the Chancellor of the Exchequer on 26th January will amount to some $3,900 million. $850 million of this can eventually be repaid with no effect on the reserves since the repayment of this amount will reconstitute the United Kingdom reserve tranche, which counts in the official reserves.