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Overseas Contracts (Loans)

Volume 82: debated on Wednesday 10 July 1985

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asked the Secretary of State for Trade and Industry whether Her Majesty's Government intend to take steps to assist British manufacturers in major overseas contracts by offering loans to potential customers.

The Government recognise that some developing countries may prefer aid in the form of loans, rather than grants supplemented by export credits, to finance their major projects. The Government are therefore discussing with the financial community mechanisms to provide such loans under the aid and trade provision with the overseas aid programme.