A Bill to require the Secretary of State to publish proposals for increasing the on-lending of UK Special Drawing Rights via the IMF, for transferring the capital returned to the UK by the European Investment Bank to the World Bank, and for increasing the UK’s support for the African Development Bank, for the purpose of reducing debt burdens and the cost of capital and contributing to the implementation of the Paris Agreement on climate change.
House of Commons
Liam ByrneLabour (Co-op)
1 November 2023
May contain errors — check source documents for definitive information.
This bill would require the Secretary of State to publish proposals to expand the use of UK Special Drawing Rights through the IMF, transfer capital returned to the UK by the European Investment Bank to the World Bank, and increase the UK’s support for the African Development Bank. The overall aim is to help reduce debt burdens and the cost of capital for developing countries while boosting climate finance in line with the Paris Agreement.
The bill is at its first reading in the Commons (28 June 2023) and has not yet progressed to committee or further stages.
Generated 21 February 2026
28 Jun 2023
The 2022-2023 session of Parliament has prorogued and this Bill will make no further progress.
No recorded votes for this bill yet.
