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Overseas Aid

Volume 492: debated on Friday 15 May 2009

To ask the Secretary of State for International Development what assessment he made of the implications for his Department's overseas development projects of the outcome of the spring meetings of the World Bank; and if he will make a statement. (275069)

There are no direct implications for the Department of International Development's (DFID) bilateral programmes from the outcome of the World Bank spring meetings.

The spring meetings helped to underline support for optimal use of the Bank's balance sheet, with lending of up to $100 billion over three years. The UK, along with other shareholders, welcomed Bank initiatives to protect the poorest, reinvigorate trade finance, maintain investment in infrastructure and support the financial sector. We expect these initiatives to complement DFID's own programmes and projects in the countries in which we work together.