Draft Inter-American Investment Corporation (Further Payments to Capital Stock) (Amendment) Order 2026
I am grateful to the right hon. Lady for her comments and reflections. Starting with her question about financial years, the new capital paid in will be spread across seven years, starting in 2025-26. She also asked about the conditions attached to it, and I will reflect on those when I talk about the particular areas we have pressed for prioritisation. I should say, as I did in my opening, that this institution has already innovated in response to pressure and reflections from the G20. We were delighted to have had that influence at the outset. We have pressed for a new focus on climate, on supporting Caribbean small island developing states, including the overseas territories, and on vulnerable populations. The right hon. Lady asked for any reflections on the development impacts that we anticipate. I reflected on those in my opening remarks, and I will not repeat them now. On increasing and securing the UK’s influence, we have secured greater board representation for the UK, which is always something we seek to do. IDB Invest is a unique institution at the forefront of private sector investment in Latin America and the Caribbean. IDB Invest aims to dedicate 60% of its investments to climate and green finance, and it is also supporting micro, small and medium-sized enterprises, empowering women, expanding access to essential services and driving innovation. Through its new originate-to-share business model, IDB Invest is scaling up its impact, mobilising capital at unprecedented levels and helping to deliver sustainable growth across the region. I hope and trust that the Committee will support this order. Question put and agreed to.