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To ask the Secretary of State for Business, Innovation and Skills what the amount of Grenada's debt to UK Export Finance is.
[134579]
To ask the Secretary of State for Business, Innovation and Skills what the amount of Grenada's debt to UK Export Finance is.
[134579]
As at 30 November 2012 the amount of Grenada's outstanding debt to UK Export Finance was GBP 1,783,141.
To ask the Secretary of State for Business, Innovation and Skills how much of the debt owed by Grenada to UK Export Finance relates to airport projects; when such loans were made; and to which bodies they were made.
[134580]
To ask the Secretary of State for Business, Innovation and Skills how much of the debt owed by Grenada to UK Export Finance relates to airport projects; when such loans were made; and to which bodies they were made.
[134580]
In November 2012, UK Export Finance, formally the Export Credits Guarantee Department (ECGD), published information, available in the Libraries of the House, about sovereign debts due to ECGD. Paragraph 10 of the explanatory note sets out that, due to the age and incomplete nature of some of the records, judgement has to be made in some instances as to the precise nature of the goods and services.
I refer the hon. Member to the answer I am giving to parliamentary question 134579 today for the amount of Grenada's debt outstanding as at end November 2012. This debt has been rescheduled at the Paris Club and it is not possible to disaggregate the value of the current outstanding debt between the original contracts. However, the original debt of £891,255 (61% in terms of value) attributable to airport projects related to an airport project that was guaranteed by ECGD in 1982. The buyer was the Ministry of Finance, Government of Grenada.