Department for International Development: Public Expenditure

Department for International Development written question – answered on 8th July 2020.

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Photo of Wendy Chamberlain Wendy Chamberlain Liberal Democrat Spokesperson (International Development), Liberal Democrat Spokesperson (Northern Ireland), Liberal Democrat Spokesperson (Wales), Liberal Democrat Spokesperson (Scotland), Liberal Democrat Spokesperson (Cabinet Office)

To ask the Secretary of State for International Development, what the planned level of promissory note issuance was to each institution in (a) calendar year 2020 and (b) financial year 2020-21 in the Main Estimates.

Photo of Wendy Morton Wendy Morton Parliamentary Under-Secretary (Foreign and Commonwealth Office) (Joint with the Department for International Development)

DFID uses promissory notes with organisations such as international development banks. A promissory note allows that organisation to commit to an activity in full, in advance of funding being transferred.

DFID’s made no adjustment at Main Estimates 2020-21 to the Net Cash Requirement as a result of Promissory Notes.

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