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Written question asked by Munira Wilson (Liberal Democrat) on Monday, 7 October 2024, in the House of Commons. It was due for an answer on Wednesday, 9 October 2024. It was answered by Darren Jones (Labour) on Tuesday, 15 October 2024 on behalf of the Treasury.


Chad: Debts Written Off

Question

To ask the Chancellor of the Exchequer, what information her Department holds on how much debt relief Chad has received from external private creditors through the G20 Common Framework for Debt Treatments.

Answer

Chad agreed a debt treatment with its official bilateral creditors and its main private creditor, Glencore, in November 2022.

According to the International Monetary Fund (IMF), the treatment is consistent with the commitments made by Chad and parameters under its IMF-supported program. This is enabling Chad to restore its debt sustainability, while ensuring protection against the volatility of oil prices through contingent treatment mechanisms.

The UK is not a creditor to Chad.


Secondary information

Type
Written question
Reference
7552
Session
2024-26
Transferred
Yes
Subjects
Debts written off Chad
Contains statistics
Yes
Link
View this Written question on www.parliament.uk