Written question asked by Gary Streeter (Conservative) on Wednesday, 28 October 1998, in the House of Commons. It was due for an answer on Monday, 2 November 1998. It was answered by Clare Short (Labour) on Monday, 2 November 1998 on behalf of the Department for International Development.

Dept for International Development

Question: To ask the Secretary of State for International Development, what provision has been made in her Department's budget in the financial years (a) 1999-2000, (b) 2000-2001 and (c) 2001-2002 as a result of the privatisation of the Commonwealth Development Corporation.

Answer: Mr. Streeter: To ask the Secretary of State for International Development what provision has been made in her Department's budget in the financial years (a) 1999-2000, (b) 2000-01 and (c) 2001-02 as a result of the privatisation of the Commonwealth Development Corporation. [57612] Clare Short: Some of the anticipated proceeds from the sale of CDC were taken into account in the provision agreed for the aid programme in the Comprehensive Spending Review announced in July. The precise level of proceeds received from the sale will depend on the prevailing market conditions. It would not be appropriate for market and commercial sensitivity reasons to give estimates of likely proceeds.

Secondary information