Question to the Foreign, Commonwealth & Development Office:
To ask the Secretary of State for Foreign and Commonwealth Affairs, whether his Department conducted a (a) cost-benefit and (b) risk analysis to its investment, via the European Bank for Reconstruction and Development and International Finance Corporation, and support for Lydian International’s Amulsar mine.
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.