Revolving Credit Fund

HC Deb 07 April 1998 vol 310 cc201-2W

Mr. Menzies Campbell

To ask the Secretary of State for Foreign and Commonwealth Affairs if he will make a statement on the Government's policy on the UN Revolving Credit Fund, proposed by the Secretary General of the United Nations, as part of his UN reform proposals. [33302]

Mr. Tony Lloyd

[holding answer 11 March 1998]: A Revolving Credit Fund could help to ease the UN's severe cashflow problems, and the Government will consider the idea carefully. But a long term solution requires that all member states pay their contributions promptly and in full.