§ Mr. DenhamTo ask the Secretary of State for Foreign and Commonwealth Affairs if he will list for each year since 1988 the amount of(a) United Kingdom subscription 48W income support, (b) unemployment benefit, (c) sickness —invalidity benefit, (d) industrial disablement benefit and (e) housing/council tax benefit.
§ Mr. BurtThe information is in the table.
to the World bank group in the form of callable shares (b) the amount of United Kingdom subscription to the World bank group consisting of callable shares which have actually been paid in and (c) the above figure as a percentage of the total United Kingdom subscription to the World bank group.
§ Mr. Lennox-BoydIn 1988, a general capital increase (GCI) of $74.8 billion, with a 3 per cent. paid-in element, was agreed for the International Bank for Reconstruction and Development (IBRD). The United Kingdom subscribed to 30,450 shares with a value of $3.67 billion, of which $110.2 million (3 per cent.) was paid-in over the period 1988–93.
In 1985, a capital increase of $650 million was approved for the International Finance Corporation (IFC). The United Kingdom subscribed to 30,500 shares with a value of $30.5 million, all fully paid-in in five equal instalments over the period 1986–89. In 1991, a further capital increase of $1 billion was agreed. The United Kingdom is subscribing to 52,615 shares, fully paid-in, in five equal instalments over the period 1993–96.
The Multilateral Investment Guarantee Agency (MIGA) was established in 1988 with a capital stock of SDR1 billion ($1.1 billion). The United Kingdom subscribed to 4,860 shares at a value of $52.6 million, of which 10 per cent. was paid in cash in 1988, 10 per cent in the form of a promissory note and the balance callable.
Payments since 1988 associated with these subscriptions to capital stock are shown in the table. The table excludes payments to the International Development Association (IDA) which relies on contributions from donors, not subscriptions to capital stock, to finance its activities.
49W
United Kingdom Payments to World Bank Group Capital increases 1988–93 £ million IBRD IFC IFC MIGA 1988 GCI 1985 GCI 1991 GCI 1988 6.561 3.558 — 3.098 1989 12.646 3.678 — — 1990 10.209 — — — 1991 11.741 — — — 1992 10.219 — — — 1993 12.887 — 14.174 —
§ Mr. DenhamTo ask the Secretary of State for Foreign and Commonwealth Affairs if he will list all contributions made by Her Majesty's Government to the World bank group, excluding those made by the Overseas Development Administration, since 1988.
§ Mr. Lennox-BoydThe Department of Trade and Industry has contributed £570,000 since 1988 to the United Kingdom consultants trust fund administered by the World bank.