HL Deb 19 January 1993 vol 541 c75WA
Viscount Davidson

asked Her Majesty's Government:

Whether they intend to contribute to the 10th replenishment of the International Development Association.

Baroness Trumpington

Agreement was reached on the 10th replenishment of the International Development Association at a meeting in Berne of representatives of donor governments on 15th December. Donors pledged to provide a total of SDR13 billion (approximately 18 billion dollars). It will enable the World Bank to offer concessional aid over the period 1993–96. Subject to parliamentary approval, the UK will contribute £620 million, a share of 6.15 per cent.

The replenishment agreement provides for greater emphasis on poverty reduction and performance by borrowers, to ensure resources are allocated to those countries where they are needed most and can be most effectively used. There will also be a stronger focus on sustainable development, in line with the agreements reached at the UN Conference on the Environment and Development in Rio last June. Donors also endorsed a series of measures designed to improve project quality and implementation.