§ Mr. LuffTo ask the Secretary of State for Foreign and Commonwealth Affairs what external finance limit has been set for the current financial year for the Commonwealth Development Corporation. [19686]
§ Dr. Liam FoxThe external finance limit for CDC for 1996–97 is being increased by £1,400,000 from £15,000,000 to £16,400,000. The change allows for the take-up of an entitlement under end-year flexibility arrangements and a temporary increase in borrowing by the CDC. The increase will be charged to the reserve and will not therefore add to the planned total of public expenditure.