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Written question asked by Sarah Champion (Labour) on Wednesday, 7 September 2022, in the House of Commons. It was due for an answer on Thursday, 22 September 2022. It was answered by Jesse Norman (Conservative) on Friday, 30 September 2022 on behalf of the Foreign, Commonwealth and Development Office.

Development Aid: Asian Development Bank

Question

To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, how much funding her Department allocated through the Asian Development Bank in the (a) 2021-22 and (b) 2022-23 financial year; and which three programmes received the largest amount of such funding in each of those financial years.

Answer

The core funding that the Foreign, Commonwealth and Development Office (FCDO) currently provides to the Asian Development Bank is to the Asian Development Fund (ADF), which provides grants to the poorest and least-creditworthy member countries that are at high risk of debt distress. The UK has pledged to provide £117.6 million to the ADF between 2021 and 2024. In Financial Year 2021-22, the FCDO provided £29.4 million to the ADF. A decision on our 2022 - 23 allocation is yet to be finalised.

The above figures are core multilateral contributions to the Asian Development Bank. In addition to these core contributions, the FCDO has provided some bilateral funding to trust funds that are managed by the Bank, including the UK Fund for Asia Regional Trade and Connectivity.

We do not earmark our core multilateral funding to the Bank to particular projects.

Secondary information

Type
Written question
Reference
49158
Session
2022-23
Subjects
Development aid Asian Development Bank
Contains statistics
Yes
Link
View this Written question on www.parliament.uk