Development Aid: World Bank
The question
To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, what assessment he has made of the potential impact of the reduction in overseas development assistance on the UK’s (a) shareholding and (b) board membership of the World Bank.
Answered by Stephen Doughty
The UK's shareholding at the World Bank is based on our paid in capital. We do not anticipate any reduction in our shareholding or any changes to our board representation as a result of the decision to reduce UK aid spending.
Detailed decisions on how the Official Development Assistance (ODA) budget will be used will be worked through as part of the ongoing Spending Review on the basis of various factors including impact assessments. We will set out spending plans following the completion of the Spending Review and departmental resource allocation processes.
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