asked the Secretary of State for Foreign and Commonwealth Affairs whether the British guarantee on loans from the European Investment Bank provided under the Lomé conventions has ever been called.
Yes. The European Investment Bank made a loan from its own resources provided under the first Lomé convention to the Liberian Electricity Corporation. During 1984 the Liberian Electricity Corporation failed to repay two instalments of the loan totalling 706,772 ecu (about £444,000) and the Government of Liberia failed to meet the bank's call on its guarantee. The loan is also guaranteed by the member states of the Community. Her Majesty's Government therefore paid 157,474,33 ecu (approximately £99,000) to the bank in two instalments which was drawn from the accumulated British share of repayments by African, Caribbean and Pacific states on loans made from the European development fund, which are lodged in a special account at the European Investment Bank. We were informed on 27 February that the Liberian authorities have now paid the instalment originally due on 30 April 1984; the British share of this was 77,524,80 ecu (approximately
|Unfair dismissal/Redundancy payments||316||607||272||101||167||247||256||226||182|
|Other employment protection rights||67||143||143||431||184||152||217||167||261|
|Health and Safety||4||7||8||14||14||15||8||10||10|
|Industrial training levy||6||2||4||6||7||13||14||11||3|
£49,000), which is being refunded by the European Investment Bank. The bank, with support from the Community is continuing its efforts to obtain complete settlement from the Liberian authorities.