Argentina
International DevelopmentDerek Twigg (Halton, Labour) Argentina International Development
Derek Twigg (Halton, Labour)
To ask the Secretary of State for International Development whether he has received reports from the UK's representation at the Inter-American Development Bank and International Bank for Reconstruction and Development about the US administration's change in policy in September 2011 on loans to Argentina from these institutions; and what reports were received.
Alan Duncan (Minister of State, International Development; Rutland and Melton, Conservative)
The US administration has not formally communicated its change in policy towards loans to Argentina at the Inter-American Development Bank and International Bank for Reconstruction and Development to the UK. Nor has the US administration formally lobbied the UK to change its policy.
Officials at the Department for International Development were only made aware of the new US position towards loans to Argentina when recent loans were considered at the two institutions on the 14 September 2011 in the case of Inter American Development Bank, and 14 February 2012 in the case of the International Bank for Reconstruction and Development.
