Letter dated 03/03/2025 from Emma Reynolds MP to Andrew Rosindell MP and Jim Shannon MP regarding questions raised during the debate on debt cancellation for low-income countries: non-financial debate repayment, and China's role in the debt architecture. 3p.

Letter dated 03/03/2025 from Emma Reynolds MP to Andrew Rosindell MP and Jim Shannon MP regarding questions raised during the debate on debt cancellation for low-income countries: non-financial debate repayment, and China's role in the debt architecture. 3p.

Motion that this House has considered debt cancellation for low-income countries. Agreed to on question.

Motion that this House has considered debt cancellation for low-income countries. Agreed to on question.

I beg to move,

That this House has considered debt cancellation for low-income countries.

It is a pleasure to serve under your chairmanship, Ms McVey. In the late 1990s and early 2000s, the momentous Jubilee 2000 debt campaign brought together people from all walks of life, trade unions, churches, community groups, and...

I beg to move,

That this House has considered debt cancellation for low-income countries.

It is a pleasure to serve under your chairmanship, Ms McVey. In the late 1990s and early 2000s, the momentous Jubilee 2000 debt campaign brought together people from all walks of life, trade unions, churches, community groups, and...

My hon. Friend makes an excellent point. I will come to that later in my speech, but she is absolutely right. We need to treat private creditors in the same way we treat bilateral and multilateral creditors.

Private credit schemes are proving to be very lucrative deals for private creditors. In...

My hon. Friend makes an excellent point. I will come to that later in my speech, but she is absolutely right. We need to treat private creditors in the same way we treat bilateral and multilateral creditors.

Private credit schemes are proving to be very lucrative deals for private creditors. In...

Again, my hon. Friend makes an excellent point. The lack of investment as a result of debt servicing leads to people seeking opportunities that are not available in their own country, so I totally agree with my hon. Friend on that point.

Before I conclude, I thank CAFOD, Christian Aid, Debt...

Again, my hon. Friend makes an excellent point. The lack of investment as a result of debt servicing leads to people seeking opportunities that are not available in their own country, so I totally agree with my hon. Friend on that point.

Before I conclude, I thank CAFOD, Christian Aid, Debt...

I thank my hon. Friend the Member for Southgate and Wood Green (Bambos Charalambous) for securing this debate.

African nations face a debt crisis caused by global factors—a debt crisis that is leading to more poverty, more hunger and war. They cannot renegotiate the debt, because it is held by private...

I thank my hon. Friend the Member for Southgate and Wood Green (Bambos Charalambous) for securing this debate.

African nations face a debt crisis caused by global factors—a debt crisis that is leading to more poverty, more hunger and war. They cannot renegotiate the debt, because it is held by private...

It is a pleasure to serve under your chairmanship, Ms McVey, for the first time as a shadow Minister.

I commend the hon. Member for Southgate and Wood Green (Bambos Charalambous) for securing this debate. Constituency names have changed; I have always known him as the hon. Member for Enfield Southgate....

It is a pleasure to serve under your chairmanship, Ms McVey, for the first time as a shadow Minister.

I commend the hon. Member for Southgate and Wood Green (Bambos Charalambous) for securing this debate. Constituency names have changed; I have always known him as the hon. Member for Enfield Southgate....

Thank you for calling me, Ms McVey. It is a pleasure to serve under your chairmanship for the first time, and I am sure not the last.

I thank the hon. Member for Southgate and Wood Green (Bambos Charalambous) for drawing attention to these issues and for bringing this debate on...

Thank you for calling me, Ms McVey. It is a pleasure to serve under your chairmanship for the first time, and I am sure not the last.

I thank the hon. Member for Southgate and Wood Green (Bambos Charalambous) for drawing attention to these issues and for bringing this debate on...

I am not sure that is something we are actively considering, but I will check and write to the hon. Gentleman.

In December 2024, we were the first country to publish our self-assessment against the G20’s operational guidelines for sustainable financing. In line with those guidelines, we publish annual reports on...

I am not sure that is something we are actively considering, but I will check and write to the hon. Gentleman.

In December 2024, we were the first country to publish our self-assessment against the G20’s operational guidelines for sustainable financing. In line with those guidelines, we publish annual reports on...

I will be brief. I very much welcome the Minister’s responses, certainly in relation to financial institutions and reforming the IMF, representation, how we look at debt, and transparency. In relation to external shocks, I think we should look at automatic cancellation of debt when a country is facing a...

I will be brief. I very much welcome the Minister’s responses, certainly in relation to financial institutions and reforming the IMF, representation, how we look at debt, and transparency. In relation to external shocks, I think we should look at automatic cancellation of debt when a country is facing a...

I respect the hon. Member’s point, but she did say that we should pay what we owe. All kinds of arguments can be put forward about what we owe, but it is a matter of opinion. Today we should bring unity and look for solutions, rather than making this a...

I respect the hon. Member’s point, but she did say that we should pay what we owe. All kinds of arguments can be put forward about what we owe, but it is a matter of opinion. Today we should bring unity and look for solutions, rather than making this a...

The hon. Member touched on this in his speech earlier, as did the hon. Member for Melksham and Devizes. That is another new constituency name, and I think it includes Chippenham. Is that part of the hon. Gentleman’s constituency?

The hon. Member touched on this in his speech earlier, as did the hon. Member for Melksham and Devizes. That is another new constituency name, and I think it includes Chippenham. Is that part of the hon. Gentleman’s constituency?

It is in Wiltshire, so it is in that part of the world—a great part of the world.

Many churches and faith organisations, not just Christian, do a huge amount in all our constituencies to help raise funds to alleviate poverty. In my constituency, churches and the Christian organisations take the...

It is in Wiltshire, so it is in that part of the world—a great part of the world.

Many churches and faith organisations, not just Christian, do a huge amount in all our constituencies to help raise funds to alleviate poverty. In my constituency, churches and the Christian organisations take the...

No, but it is in Wiltshire.

No, but it is in Wiltshire.

I commend the hon. Member for Southgate and Wood Green (Bambos Charalambous) for organising this debate on a vital and extremely timely topic. As all hon. Members present are likely aware, we face the most acute debt crisis in history. According to CAFOD, more than 3.3 billion people are living...

I commend the hon. Member for Southgate and Wood Green (Bambos Charalambous) for organising this debate on a vital and extremely timely topic. As all hon. Members present are likely aware, we face the most acute debt crisis in history. According to CAFOD, more than 3.3 billion people are living...

I thank my hon. Friend for the work he has done in this incredibly important area over a long time. He talks about the impact of rising interest rates on low-income countries, to which could be added the impact of covid and dealing with climate change, and the private sector...

I thank my hon. Friend for the work he has done in this incredibly important area over a long time. He talks about the impact of rising interest rates on low-income countries, to which could be added the impact of covid and dealing with climate change, and the private sector...

I thank my hon. Friend for his generosity in giving way, as well as the excellent points he is making. As the chair of the all-party parliamentary group for Africa, I have noted with concern the language around the increased migration that we have seen over the last few years,...

I thank my hon. Friend for his generosity in giving way, as well as the excellent points he is making. As the chair of the all-party parliamentary group for Africa, I have noted with concern the language around the increased migration that we have seen over the last few years,...

It is a pleasure to serve under your chairmanship, Ms McVey. I thank the hon. Member for Southgate and Wood Green (Bambos Charalambous) for bringing this important issue to the House, and I praise his work on raising awareness of it.

For decades many low-income nations have struggled under the weight...

It is a pleasure to serve under your chairmanship, Ms McVey. I thank the hon. Member for Southgate and Wood Green (Bambos Charalambous) for bringing this important issue to the House, and I praise his work on raising awareness of it.

For decades many low-income nations have struggled under the weight...

It is a pleasure to serve under your chairpersonship, Ms McVey. I start by commending my hon. Friend the Member for Southgate and Wood Green (Bambos Charalambous) for bringing forward this crucial debate, and for his continuous campaigning on this matter.

I chair the APPG for Afrikan Reparations and I have...

It is a pleasure to serve under your chairpersonship, Ms McVey. I start by commending my hon. Friend the Member for Southgate and Wood Green (Bambos Charalambous) for bringing forward this crucial debate, and for his continuous campaigning on this matter.

I chair the APPG for Afrikan Reparations and I have...

This is not necessarily a divisive issue. When we ask those who are suffering the most from these matters, we find that they believe that it is difficult to move forward because of some of the wrongs that have been done to them in the past. It is simply about...

This is not necessarily a divisive issue. When we ask those who are suffering the most from these matters, we find that they believe that it is difficult to move forward because of some of the wrongs that have been done to them in the past. It is simply about...