Development Banks
(asked on 24th March 2023) - View Source
Question to the Foreign, Commonwealth & Development Office:
To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, with reference to page 168 of his Department's annual report and accounts 2021 to 2022, published on 19 July 2022, in which institutions the £14,794 million of callable capital is subscribed.
When an IFI agrees a capital increase, it is comprised of some paid-in capital and some callable capital.
As of 31 March 2022, the FCDO had provided £14,794 million of callable capital to the following institutions:
Institution | Callable Capital |
African Development Bank (AfDB) | £2,573.0m |
Asian Development Bank (AsDB) | £2,258.6m |
Caribbean Development Bank (CDB) | £93.2m |
Inter-American Development Bank (IADB) | £1,209.2m |
Multilateral Investment Guarantee Agency (MIGA) | £57.2m |
International Bank for Reconstruction and Development (IBRD) | £8,602.8m |
Total | 14,794.0m |