Early day motion tabled by primary sponsor Lord McFall of Alcluith (Labour), on Tuesday, 5 February 1991, in the House of Commons. It is signed by 101 members in total.

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THIRD WORLD DEBT

That this House, disturbed by the greater hardship imposed on the poorest peoples of the world by the debt crisis and concerned both that Gulf crisis has added considerably to this hardship and that the recent positive proposals for government-to-government debt reduction put forward by the Right honourable Member for Huntingdon, the then Chancellor of the Exchequer, have not been matched by corresponding moves from the commercial banks, believes that relieving debt should not be a burden weighing most heavily on the poor but a burden shared substantially and immediately by banks and multilateral lenders as well as creditor governments; and calls upon Her Majesty's Government to lead a co-ordinated strategy for the reduction of commercial bank debt in parallel to the reductions proposed in the Trinidad Terms.

Amendments

The Early day motion has received an amendment.

THIRD WORLD DEBT (413A1)

The Early day motion has received an amendment sponsored by Jeremy Corbyn (primary, Labour) and tabled on Tuesday, 12 February 1991. It has been signed by 4 members in total.

leave out from 'hardship' to end and add 'and therefore calls for a write off of the debt of the poorest countries and a new trade strategy which will redistribute wealth in favour of the poorest people in the poorest countries.'.

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Secondary information

Type

Early day motion

Reference

413 

413A1 

Session

1990-91

Subjects

Debts Banks Developing countries Development aid

Link

View this Early day motion on www.parliament.uk