Skip to main content

Written question asked by Lloyd Russell-Moyle (Labour) on Tuesday, 7 January 2020, in the House of Commons. It was due for an answer on Monday, 13 January 2020 (named day). It was answered by Christopher Pincher (Conservative) on Monday, 13 January 2020 on behalf of the Foreign and Commonwealth Office.


Armenia: Gold

Question

To ask the Secretary of State for Foreign and Commonwealth Affairs, with reference to the Answer of 5 September 2019 to Question 285002 on Armenia: Gold, whether UK public money in Lydian International’s Amulsar mine via UK membership of the European Bank for Reconstruction and Development and the International Financial Corporation is defined as an official UK investment.

Answer

​The United Kingdom's membership and support for international financial institutions helps advance sustainable and inclusive growth in developing economies. The European Bank for Reconstruction and Development (EBRD) and the International Financial Corporation (IFC) have robust environmental, social and governance safeguards and review projects and investments to seek to ensure consistency with these. The United Kingdom uses its role as a leading shareholder of the EBRD and IFC Board to encourage robust standards to be met.


Secondary information

Type
Written question
Reference
1071
Session
2019-21
Related items
Armenia: Gold
Thursday, 5 September 2019
Written questions
House of Commons
Grouped for answer
Yes
Subjects
Armenia Mining Overseas investment Gold
Link
View this Written question on www.parliament.uk