Armenia: Gold

(asked on 7th January 2020) - View Source

Question to the Foreign, Commonwealth & Development Office:

To ask the Secretary of State for Foreign and Commonwealth Affairs, with reference to the Answer of 5 September 2019 to Question 285002 on Armenia: Gold, whether UK public money in Lydian International’s Amulsar mine via UK membership of the European Bank for Reconstruction and Development and the International Financial Corporation is defined as an official UK investment.


Answered by
Christopher Pincher Portrait
Christopher Pincher
This question was answered on 13th January 2020

​The United Kingdom's membership and support for international financial institutions helps advance sustainable and inclusive growth in developing economies. The European Bank for Reconstruction and Development (EBRD) and the International Financial Corporation (IFC) have robust environmental, social and governance safeguards and review projects and investments to seek to ensure consistency with these. The United Kingdom uses its role as a leading shareholder of the EBRD and IFC Board to encourage robust standards to be met.

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