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Zambia

Volume 929: debated on Thursday 7 April 1977

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asked the Minister of Overseas Development (1) whether the Government are proposing to make a £5 million loan to Zambia;(2) whether any loan money advanced to Zambia is to be earmarked for industries in which British companies already have a financial stake.

My hon. Friend the Member for Hornchurch (Mr. Williams) was informed on 23rd March 1976 in a Written Answer—[Vol. 908, c. 159–60]—of our offer of million aid to Zambia. This offer, as a grant, was accepted by the Zambian Government and the money will be used to pay for the purchase of British goods and services as may be agreed between our two Governments. A large part of the grant has already been allocated, but none so far for use by industries in which British companies already have a financial stake.