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Dept of Trade and Industry

Answer

Dr. Cable: To ask the Secretary of State for Trade and Industry if she will list the debt owed to the ECGD by (a) Nigeria, (b) Indonesia, (c) The Philippines, (d) Angola, (e) Kenya, (f) Democratic Republic of Congo and (g) Republic of Congo; and if she ill list (i) the projects and goods involved for each country's debt and (ii) the date on which the debts for each country was first incurred. [115102] Ms Hewitt: This question cannot be answered in full except at disproportionate cost. The debts owed to ECGD by these countries under Debt Rescheduling Agreements result, with the exception of Indonesia and Kenya, from contracts mostly entered into in the late 1970s and early 1980s. The number of companies insured was 859 and the number of claims paid in excess of 120,000. The goods exported ranged from consumer products to power projects and covered most of the UK's industrial sectors. The dates prior to which contracts had to be signed to be eligible for rescheduling together with the amounts outstanding under debt rescheduling agreements as at 31 March 2003 are as follows: _________________________________________________________________________________________________. Country Amount Owed (£) Eligible Contract Date Nigeria 4,490,200,000 Pre 1 October 1983 Indonesia 744,807,000 Pre 1 July 1997 Philippines 12,738,000 Pre 1 April 1984 Angola 135,346,000 Pre 31 December 1986 Kenya 18,859,000 Pre 21 December 1991 Democratic Republic of Congo 84,848,000 Pre 1 January 1976 Republic of Congo 159,842 Pre 1 January 1986 _________________________________________________________________________________________________.

Secondary information

Type

Written question

Reference

115102; 406 c332W

Session

2002-03

Subjects

Debts Developing countries Export credit guarantees UK Export Finance Nigeria Indonesia Democratic Republic of the Congo Kenya Angola Philippines Republic of Congo

Contains statistics

Yes

Link

View this Written question on www.publications.parliament.uk