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Free Markets

Volume 201: debated on Friday 20 December 1991

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To ask the Secretary of State for Foreign and Commonwealth Affairs what steps his Department takes to promote free markets in the countries to which United Kingdom aid is sent.

We promote free markets through focusing our aid on support for economic reforms and sound policies, agreed with the IMF and the World bank, designed to create the environment in which private enterprise and initiative can flourish. We are ready to provide help with privatisation. The Commonwealth Development Corporation invests directly in commercially viable projects in the private sector.