HC Deb 13 July 1993 vol 228 cc422-3W
Mr. Meacher

To ask the Secretary of State for Foreign and Commonwealth Affairs if he will list the names of British companies that have secured contracts for International Finance Corporation-funded projects over the last five years.

Mr. Lennox-Boyd

International Finance Corporation—IFC—loans go directly to private sector companies in developing countries. It is these companies that are responsible for awarding contracts to suppliers of goods and services. The IFC is not party to these contracts so is not able therefore to give details of contract awards for any individual country.

Mr. Meacher

To ask the Secretary of State for Foreign and Commonwealth Affairs if he will supply the details of dividends the United Kingdom has received from International Finance Corporation investments since the end of the financial year 1991.

Mr. Lennox-Boyd

Member Governments of the International Finance Corporation do not receive dividends from the corporation's investments. Earnings are wholly retained and recycled for new activity.