Orders of the Day — International Monetary Arrangements Bill

Part of the debate – in the House of Commons at 3:35 pm on 11th July 1983.

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Photo of Mr James Callaghan Mr James Callaghan Father of the House of Commons 3:35 pm, 11th July 1983

Has the Minister seen newpaper reports that, because of the increase in the IMF quota, Third world countries may not now be expected to use the facilities under the general arrangements to borrow? Will he assure us that that is not the case and that the new proposals for including Third world countries will enable them to borrow through the GAB and use their extended quota?