§ 62. Mr. Deakinsasked the Secretary of State for Foreign and Commonwealth Affairs what proposals have been made by the World Bank for increasing the funding of the International Development Association; and if he will make a statement.
§ Mr. RaisonVirtually all donor Governments have affirmed their support for a $12 billion replenishment of IDA. Subject to our share continuing to be 6.7 per cent. and to satisfactory arrangements for the dollar-sterling exchange rate, we are happy to back that total. But the United States' position is crucial to the outcome: I hope that this will be known at the next round of negotiations, probably in July.