Condition for exercise of power to increase limit: limitation to eligible countries

Commonwealth Development Corporation Bill – in a Public Bill Committee am 3:45 pm ar 6 Rhagfyr 2016.

Danfonwch hysbysiad imi am ddadleuon fel hyn

‘(1) After section 15 of the Commonwealth Development Corporation Act 1999 (limit on government assistance), insert—

“15A Condition for exercise of power to increase limit: limitation to eligible countries

(1) The Secretary of State may only lay a draft of regulations under section 15(4) before the House of Commons if he is satisfied that the condition in subsection (2) is met.

(2) That condition is that any new investment enabled by the proposed increase in the current limit at the time is in a country in Schedule 2A (Eligible countries).

(3) In this section “the current limit at the time” means—

(a) prior to the making of any regulations under section 15(4), £6,000 million,

(b) thereafter, the limit set in regulations made under section 15(4) then in force.”

(2) After Schedule 2 of the Commonwealth Development Corporation Act 1999 (Modification of Companies Act 1985 &c), insert—

“Schedule 2A

Eligible Countries

Afghanistan

Angola

Bangladesh

Benin

Burkina Faso

Burundi

Cameroon

Central African Republic

Chad

Congo (Democratic Republic of)

Congo (Republic of)

Côte d’Ivoire

Equatorial Guinea

Eritrea

Ethiopia

Gabon

Gambia, The

Ghana

Guinea

Guinea-Bissau

Kenya

Lesotho

Liberia

Madagascar

Malawi

Mali

Mozambique

Myanmar

Nepal

Niger

Nigeria

Pakistan

Rwanda

Senegal

Sierra Leone

Somalia

South Sudan

Sudan

Swaziland

Tanzania

Togo

Uganda

Zambia

Zimbabwe.”

This new clause would limit any new investment arising from any increase in the limit on government assistance under regulations under section 15(4) to certain eligible countries.

New Clause 5