Thursday, May 03, 2012

Argentina International Development Derek Twigg (Halton, Labour)


Argentina
International Development

Photo of Derek Twigg

Derek Twigg (Halton, Labour)
To ask the Secretary of State for International Development how many loans under both the simplified and non-simplified procedures have been submitted to the International Bank for Reconstruction and Development board since September 2011 related to projects in Argentina; and on what dates any such loans were made.
Photo of Alan Duncan
Alan Duncan (Minister of State, International Development; Rutland and Melton, Conservative)
DFID does not maintain an aid programme to Argentina and no UK aid is spent providing loans to Argentina at the International Bank for Reconstruction and Development (IBRD).
No new loans have been submitted to IBRD since September 2011. However, two requests to restructure existing loans have taken place, one in September 2011 and one in February 2012.
Specific details are as follows:
Restructure of National Highway Asset Management Project—board meeting 7 February 2012, loan originally approved 28 June 2007.
Restructure of Buenos Aires Infrastructure Sustainable Investment Development Adaptable Program Loan Project Phase II—board meeting 30 September 2011, loan originally approved 28 June 2007.