Strategy for International Development

I am grateful to the right hon. Gentleman, my neighbour, but I disagree with him on this point. With the International Monetary Fund, for example, where we have collectively issued $650 billion of special drawing rights, it would have been sensible for the UK to have stepped up and provided some leadership, sharing a much bigger fraction of the £19 billion we have been given. That would have encouraged the rest of the G7 to follow suit, and the G7 is about one third of the SDR issuance.