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Treasury

Answer

Mr. Timms: To ask the Chancellor of the Exchequer what is the total amount loaned by the UK to the Governments of (a) Rwanda, (b) Zaire and the Democratic Republic of the Congo and (c) Mozambique under new loan agreements made since 1 January 1968; what is the total sum repaid to date by (a) to (c) to the UK in respect of these agreements in terms of (i) principal and (ii) interest; and what is the remaining sum due to be repaid as currently scheduled in terms of (1) principal and (2) interest. [31773] Mrs. Liddell: [holding answer 27 February 1998]: Amount loaned by ECGD to the Governments of (a) Rwanda, (b) Zaire and The Democratic Republic of The Congo and (c) Mozambique under new loan agreements made since 1 January 1968 is nil. 1. Total sum (in pounds sterling) repaid to date under the Paris Club rescheduled debt agreements is as follows: £ _________________________________________________________________________________________________. Country Past principal due Paid Past interest due Paid Rwanda 0 0 0 0 Mozambique 1,352,131 1,352,131 8,178,195 8,178,195 DRC/Zaire 58,888,097 12,853,115 74,607,438 21,126,780 _________________________________________________________________________________________________. 2. Remaining sums (in pounds sterling) due to be repaid as currently scheduled: £ _________________________________________________________________________________________________. Future principal due Future interest due Rwanda 0 0 Mozambique 90,806,268 Not known DRC/Zaire 36,046,189 Not known _________________________________________________________________________________________________. The figures for "Future Interest" are not known as amounts of interest payable under current Agreements. These will depend on movements in the six month LIBOR rate.

Secondary information

Type

Written question

Reference

31773; 307 c662-3W

Session

1997-98

Subjects

Development aid Africa Loans Mozambique Zaire Democratic Republic of the Congo Rwanda

Contains statistics

Yes