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Armenia: Gold

Department for International Development written question – answered on 4th February 2020.

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Photo of Jon Trickett Jon Trickett Shadow Minister (Cabinet Office), Shadow Lord President of the Council

To ask the Secretary of State for International Development, whether his Department has made an assessment of the International Finance Corporation decision to support the Amulsar gold mining project in Armenia.

Photo of Andrew Stephenson Andrew Stephenson Assistant Whip, Minister of State (Foreign and Commonwealth Office) (Joint with the Department for International Development)

The UK is a shareholder of the International Financial Cooperation (IFC) and has a single seat on its Board. Our membership and support for international financial institutions like the IFC helps to advance sustainable and inclusive growth in developing economies. The IFC has robust environmental, social and governance safeguards, which it assesses all projects and investments against. The UK uses its seat on the IFC Board to ensure these standards are met and will take this into consideration when deciding whether or not to vote in favour of a particular project. The IFC has not been involved in the Amulsar gold mining project since 2017

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