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Ida And The World Bank

Volume 591: debated on Tuesday 30 June 1998

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asked Her Majesty's Government:Whether they will support the World Bank's proposal to defer cash payments to the International Development Association and the Bank's debt relief trust fund. [HL2327]

This is one of a range of proposals under consideration as part of a comprehensive review of the World Bank's financial structure and income dynamics, which is designed to assure the long-term financial sustainability of the institution. The UK, along with a number of other countries, has raised concerns over the proposal which could adversely affect the Bank's ability to deliver its developmental mandate to help the poorest countries. The World Bank has been asked for more analysis on the precise impact on the International Development Association (IDA) and the Heavily Indebted Poor Countries (HIPC) Trust Fund of such a deferral.

asked Her Majesty's Government:Whether they will increase bilateral contributions to the International Development Association in 1999 and 2000 in the event of deferred cash payments from the World Bank. [HL2328]

I refer the noble Lord to my reply to his question of today [HL2327]. Until the question of deferred cash payments to the International Development Association (IDA) and the Heavily Indebted Poor Countries (HIPC) Trust Fund has been fully considered it would be premature to consider the option to increase bilateral contributions to IDA.