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International Development Agency

Volume 929: debated on Monday 28 March 1977

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asked the Minister of Overseas Development what agreement has been reached on the fifth replenishment of the International Development Agency; and what commitments have been made by the United Kingdom, the United States of America, Japan, West Germany and France, respectively.

There is now agreement to recommend a replenishment totalling some $7ยท6 billion, including contributions of or equivalent to $814 million from the United Kingdom, $2,400 million from the USA, $792 million from Japan, $839 million from Germany and $413 million from France.In principle the replenishment should be effective for three years from July 1977. Some Governments will not have completed procedures by then. Agreement has also been reached on a bridging arrangement, in which the United Kingdom has offered to take part, which will provide the IDA with funds until the agreement is fully effective.I shall be seeking the necessary parliamentary authorisation before the Summer Recess.