Commons Sense

House of Commons · General Debate

Notification of a Contingent Liability: African Development Bank General Callable Capital Increase 2024

13 October 2026 · 1 other contributor

Opened by Kirsty McNeill Labour (Co-op) Glasgow North West

EconomyEmploymentForeign Affairs

Summarised by AI from the official record, so it can contain mistakes.

Read the full transcript on Parliament.uk

At a glance

Kirsty McNeill raised concerns about notification of a contingent liability: african development bank general callable capital increase 2024 in the House of Commons. Other MPs contributed to the debate.

Key points

  • UK proposes to increase callable capital commitment to African Development Bank (AfDB) by approximately 1.6 billion.
  • Increase would raise total UK commitment to AfDB to around 3.3 billion.
  • African Development Bank supports economic growth, poverty reduction, and sustainable development in Africa.

How the debate unfolded

MPs spoke in turn to share their views and ask questions. Here's what each person said.

Opened the debate

Kirsty McNeill Labour (Co-op) Glasgow North West

Explained the proposal by the Foreign, Commonwealth and Development Office (FCDO) to increase the UK’s callable capital commitment to the African Development Bank (AfDB) by approximately £1.6 billion, which is part of the General Callable Capital Increase agreed by shareholders in 2024. The increase would bring the UK’s total callable capital commitment to the AfDB to around £3.3 billion. The AfDB supports economic growth, poverty reduction, and sustainable development in Africa, and the UK’s contribution would enhance the Bank’s financial resilience and its ability to deliver on priorities like climate action, job creation, and support for fragile states. The callable capital is a contingent liability, and no immediate expenditure will arise from this commitment.

Other contributors (1)
  • Kirsty McNeill Lab Glasgow North West

    Explained the proposal by the Foreign, Commonwealth and Development Office (FCDO) to increase the UK’s callable capital commitment to the African Development Bank (AfDB) by approximately £1.6 billion, which is part of the General Callable Capital Increase agreed by shareholders in 2024. The increase would bring the UK’s total callable capital commitment to the AfDB to around £3.3 billion. The AfDB supports economic growth, poverty reduction, and sustainable development in Africa, and the UK’s contribution would enhance the Bank’s financial resilience and its ability to deliver on priorities like climate action, job creation, and support for fragile states. The callable capital is a contingent liability, and no immediate expenditure will arise from this commitment.

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