§ Mr. Arnoldasked the Chancellor of the Exchequer what range of sums is represented by the possible percentage increases in the International Monetary Fund quotas mentioned in the answer of 20 December, Official Report, column 312.
§ Mr. Bruce-GardyneAn increase in quotas of 50 per cent. would raise total fund quotas to SDR 91.6 billion. Doubling fund quotas would yield overall quotas of SDR 122.1 billion.
§ Mr. Arnoldasked the Chancellor of the Exchequer, pursuant to the answer to the hon. Member for Hazel Grove on 20 December, Official Report, column 312, if he will make a statement about the application to the International Monetary Fund by Mexico for an extended arrangement.
§ Mr. Bruce-GardyneOn 23 December the executive board of the International Monetary Fund approved for Mexico an extended arrangement and a first credit tranche drawing totalling SDR 3.6 billion. The United Kingdom supported the decisions. Discussions of the fund executive board are confidential.