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Written question asked by David Amess (Conservative) on Tuesday, 16 October 2007, in the House of Commons. It was due for an answer on Thursday, 18 October 2007. It was answered by Malcolm Wicks (Labour) on Monday, 22 October 2007 on behalf of the Department for Business, Enterprise and Regulatory Reform.


Debts: Maldives

Question
To ask the Secretary of State for Business, Enterprise and Regulatory Reform what the debt owed to the Export Credits Guarantee Department by the Maldives was (a) in each of the last five years and (b) on the most recent date for which information is available; what plans he has to write off outstanding debt owed by the Maldives; what recent representations he has received on this; and if he will make a statement.
Answer

There are no outstanding debts owed to ECGD by the Maldives.ECGD has a small amount of exposure (£3.9 million) in respect of a loan which is being guaranteed by ECGD, where repayments are being made to the financing bank on time. The loan relates to a contract for the upgrade of an airport.


Secondary information

Type
Written question
Reference
159642; 465 c93W
Session
2006-07
Subjects
Debts Maldives
Link
View this Written question on www.publications.parliament.uk