Question to the Foreign, Commonwealth & Development Office:

To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, what discussions she has had with the Chancellor about where the remainder of the Special Drawing Rights the UK has received should be used since the announcement by the Chancellor of the Exchequer at the G7 Finance Ministers that the UK would lend £1 billion to the IMF’s Poverty Reduction and Growth Trust.

The Chancellor has committed to channel around 20% of the UK's new allocation of SDRs, including a new loan of SDR 1bn to the IMF Poverty Reduction and Growth Trust. The Chancellor also expressed support, along with other G20 Finance Ministers, for the proposed IMF Resilience and Sustainability Trust (RST) and for exploring options to channel SDRs through the Multilateral Development Banks.