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type: Answer
type: WrittenAnswer
answer has question: XOikAAU2
answer has answering person: IbVFO6JP
answer text: Tony Baldry: To ask the Secretary of State for International Development, when the Anglo-France è100 million fund to guaranteebusiness ventures in developing countries agreed at the World Summit on Sustainable Development will be established; for how longwill it operate; how businesses will be seconded; to whom it will be accountable; and how the fund will relate to the 2015Millennium development Goals. [74524]Clare Short: There will be no single fund. DFID will use a number of facilities, some of which are in existence and some of whichare now being developed, through which to channel our funds. The French propose, in the main, to use other channels for theirinputs. We will, however, work to coordinate inputs at the country and project level. It is also hoped that we may be able topersuade the French to channel some of their funds to the mechanisms we are developing with others, through which DFID funds will bedisbursed.There is no finite life to the various facilities we are developing through which our funds will be disbursed, but we are planningto channel è100 million through these over the coming three years.The involvement of the private sector at the fund level will vary from facility to facility. At the project level, the funds willhelp to partner and/or guarantee (depending on the facility) private sector investment to help mitigate risks and encourageincreased private sector flows.Copies of the joint statement by President Chirac and Mr. Blair, together with Annexes describing the British and French approach tothe initiative, have been placed in the library of the House.
answer given date: 2002-10-15+01:00
answer has answering body: g8hByIik
written answer has answering body: g8hByIik