Commonwealth Development Corporation

HC Deb 23 February 1999 vol 326 cc252-3W

Mr. Hope

To ask the Secretary of State for International Development what proposals she has to change the 1998–2000 External Financing Limit for the Commonwealth Development Corporation. [73221]

Clare Short

The External Financing Limit for CDC or 1998/99 will be reduced by £15,200 from zero to minus £15,200,000. This reduction takes account of an upward adjustment made last year to allow CDC increased borrowing in early 1998.