My hon. Friend may be right; but the bank's potential activities extend well beyond a single loan to the state of Poland.

It must be appreciated that much of the money will not find its way into the eastern European bloc. I do not know whether that is good or bad, but we must face the commercial reality: much of it will find its way into western commercial pockets, and rightly so. Investors seeking subsidy, a guarantee or, perhaps, foreign hard-currency collateral and support for their investment are interested in keeping that money outside the country. I suspect that a substantial portion of the funds will be recirculated within the investments of such countries.

Nevertheless, we should consider where the money will go; some of tonight's intervention have been relevant to that. I am very concerned about long-term heavy infrastructural loans and investments to be made by the new organisation. If we are to spend money in the best possible way, I believe that it should be directed first towards trade credit and secondly towards management expertise.