§ Lord Gainfordasked Her Majesty's Government: Whether a decision has been made regarding the location of the European Bank for Reconstruction and Development.
The Paymaster General (The Earl of Caithness)The Government warmly welcomes the decision to establish the European Bank for Reconstruction and Development in London. It is particularly welcome that London will be the centre of the international effort to help Eastern European countries build on the reforms they have made and to assist them in their move to market economies. We shall be working closely with the president designate to ensure that the bank can begin its operations as soon as possible.