Development Banks

(asked on 27th February 2023) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what (a) paid in and (b) callable capital the Government has subscribed under treaty obligations to multi-lateral development banks.


Answered by
Andrew Griffith Portrait
Andrew Griffith
Minister of State (Department for Science, Innovation and Technology)
This question was answered on 7th March 2023

The United Kingdom is a member of several multilateral development banks (MDBs). Depending on the bank, the paid-in and callable capital obligations appear in the published Annual Reports and Accounts of either the Foreign, Common and Development Office or HM Treasury.

Treaty obligations between MDBs and member countries are usually denominated in US Dollars, so these Pound Sterling figures are approximations by necessity.

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