HC Deb 07 November 2002 vol 392 cc688-9W
Mrs. Spelman

To ask the Secretary of State for International Development, what financial support her Department has given to the European Bank of Reconstruction and Development in each of the last five years; and what support her Department will provide in the next three years. [79151]

Clare Short

As a shareholder (8.5 per cent.) in the EBRD, the UK Government makes payments towards its capital subscription in the Bank.

As part of the General Capital Increase, agreed in 1996, my Department has made cash payments and issued promissory notes as detailed below:

Cash Element Promissory Notes
1998 Euro 9,582,000 Euro 14,373,281
1999 Euro 9,582,000 Euro 14,373,281
2000 Euro 9,582,000 Euro 14,373,281
2001 Euro 9,582,000 Euro 14,373,281
2002 Euro 9,582,000 Euro 14,373,281

Over the next three years the following payments will be made:

Cash Element Promissory Notes
2003 Euro 9,582,000 Euro 14,373,281
2004 Euro 9,582,000 Euro 14,373,281
2005 Euro 9,582,000 Euro 14,373,281

My Department has also provided grant funding to support EBRD's technical cooperation work. The EBRD has received the following contributions from DFID over the last five years:

  • 1998—£1,100,000
  • 1999—£300,000
  • 2000—£950,000
  • 2001—£1,690,125
  • 2002—£899,000.
We have outstanding commitments of £1,813,000.

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