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