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Development Aid

Volume 950: debated on Wednesday 24 May 1978

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asked the Minister of Overseas Development what is the total amount of public funds that have been available in development aid in the form of loans since 1974; what is the sum that has been repaid to date; when the final repayments are expected; and whether there have been any cases of failure to make repayments by the time limit agreed.

From 1973–74 onwards, £419·5 million, none of which has been repaid to date, as all loans have a grace period. Most repayments are over a 25-year term, with final repayments at varying dates up to the financial year 2002–2003. The question of any failure to repay within time limits does not therefore arise.