questionText: To ask the Chancellor of the Exchequer, if her Department will make an assessment of the potential impact of high interest public debt obligations owed by developing nations to UK private creditors on the public finances of those developing nations.
answerText: The UK is concerned by impacts of the high debt servicing costs faced by developing countries. We fully support the World Bank and IMF’s ‘three pillars’ approach to countries facing liquidity (i.e. short-term payment) challenges. Enhanced transparency wil...
heading: Developing Countries: Debts