Lord Oramasked Her Majesty's Government:
What attitude they take to the French proposal, put forward at the meeting of the development committee of the International Monetary Fund in Helsinki, for the establishment of a special soft-loan fund free from the special influence exercised by the United States over the International Development Association.
§ The Minister of State, Foreign and Commonwealth Office (Lord Belstead)Various proposals have been put forward by several countries to deal with the situation in which the United States contribution to the Sixth replenishment of IDA is likely to be spread over more than the three-year period originally envisaged. The French proposal is initially concerned with those countries, of which there are very few, which have not released in full their second contribution to the replenishment. All these proposals are likely to be discussed by officials at a meeting early in July.