Written question asked by John Battle (Labour) on Wednesday, 25 June 2003, in the House of Commons. It was due for an answer on Monday, 7 July 2003. It was answered by Mike O'Brien (Labour) on Monday, 7 July 2003 on behalf of the Department of Trade and Industry.

Dept of Trade and Industry

Question: To ask the Secretary of State for Trade and Industry, what loans were made by the Government to the government of Iraq since 1979; how much has been repaid; how much is still owed; and if she will make a statement.

Answer: Mr. Battle: To ask the Secretary of State for Trade and Industry what loans were made by the Government to the Government of Iraq since 1979; how much has been repaid; how much is still owed; and if she will make a statement. [122671] Mr. Mike O'Brien: The DTI has not been party to any Government to Government loans between the UK and Iraq. However, unrecovered claims resulting from ECGD insuring UK exports or guaranteeing related commercial loans prior to 1991 on Iraq currently amount to £623million.

Secondary information

Type: Written question
Reference: 122671; 408 c573W;408 c571W
Session: 2002-03
Subjects: Debts Iraq Export credit guarantees Loans Repayments Overseas loans
Link: View this Written question on www.publications.parliament.uk