Hansard

Commonwealth Development Corporation

Volume 118: debated on Monday 29 June 1987

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Mr. Wells

asked the Secretary of State for Foreign and Commonwealth Affairs on what terms the Commonwealth Development Corporation receives loans from the aid programme.

Mr. Chris Patten

It has been decided that from 1987–88, loans to the corporation from the aid programme should be at 3·5 per cent. interest and repayable over 25 years with a seven year grace period.