Written question asked by Patrick Grady (Scottish National Party) on Monday, 15 May 2023, in the House of Commons. It was due for an answer on Thursday, 18 May 2023 (named day). It was answered by Andrew Mitchell (Conservative) on Thursday, 18 May 2023 on behalf of the Foreign, Commonwealth and Development Office.
Developing Countries: Debts
- Question
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To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, what assessment he has made of the potential merits of legislating to incentivise private creditors to participate in debt relief for low-income countries.
- Answer
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The UK, alongside the G20 and Paris Club, expect private creditors to participate in debt restructurings on terms at least as favourably as bilateral (i.e. country) creditors.
The Government is focused on delivering a market-based (contractual) approach to private sector participation, for example recently developing Majority Voting Provisions for private loans.
Secondary information
- Type
- Written question
- Reference
- 185017
- Session
- 2022-23
- Subjects
- Debts Developing countries Private sector
- Link
- View this Written question on www.parliament.uk
Librarians' tools
- Timestamp
- 2023-05-18 17:13:25 +0100
- URI
- http://data.parliament.uk/writtenparliamentaryquestion/commons/2022-23/185017
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- http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/writtenparliamentaryquestion/commons/2022-23/185017
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- https://search.parliament.uk/claw/solr/?id=http://data.parliament.uk/writtenparliamentaryquestion/commons/2022-23/185017