Development Loans

- Thursday, 17th January 2002

 

Development Loans

Mr. Lilley: To ask the Secretary of State for International Development what was the value of debt and interest repaid on UK Government development aid loans to heavily indebted poor countries each year since 1983. [25237]

Clare Short: The value of debt and interest repaid on aid loans to the UK by the Heavily Indebted Poor Countries (HIPC) since 1983 is ?5.292 million. Details of the amounts repaid by these countries, by year, from 1 April 1983, are shown in the table.

In July 1978, bilateral agreements to write off all outstanding balances on loans were reached with Kenya, Sierra Leone, Sudan and Tanzania. Since then, we have written off all UK aid loans to Ethiopia, Cote d‘Ivoire, Ghana, Guyana, Honduras, Mozambique, Nicaragua, Senegal, Uganda and Zambia. In addition, my Department has taken the unilateral decision to forgive outstanding aid loans to Liberia and Laos. These loans are being written off as they become due.

 

 

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