Sub-Saharan Africa

Part of Oral Answers to Questions — Overseas Development – in the House of Commons at 12:00 am on 11th January 1988.

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Photo of Mr Chris Patten Mr Chris Patten , Bath 12:00 am, 11th January 1988

Of course, it is essential that the terms should be such as can be managed by the poorest countries. The terms that are offered by the IDA are extremely soft. I am sure that the hon. Gentleman will know about the increase in the IMF structural adjustment facility. He may also know that, a few weeks ago, the Chancellor of the Exchequer announced that we are intending to subsidise a lending equivalent of £750 million under the structural adjustment facility. That covers more than one sixth of the total new lending. It is not perhaps surprising that that was welcomed by the managing director of the IMF as a remarkable contribution.