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Eastern Europe

Volume 174: debated on Monday 18 June 1990

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To ask the Secretary of State for Foreign and Commonwealth Affairs if he will make a statement on the effect of developments in eastern Europe on the global availability of funds from multilateral institutions.

OECD member Governments are agreed that assistance to eastern Europe must not detract from the high priority placed on international co-operation with the developing countries; and this was reaffirmed in the declaration by the UN special session on international economic co-operation held from 23 April to 1 May.European Community aid to eastern Europe has not been at the expense of any other development assistance. Any increase in World Bank lending would be funded from borrowings in the financial markets. Additional funds will be made available for eastern Europe through the European Bank for Reconstruction and Development.