Skip to main content

Debtor Countries

Volume 204: debated on Tuesday 25 February 1992

The text on this page has been created from Hansard archive content, it may contain typographical errors.

To ask the Chancellor of the Exchequer if the Government will encourage commercial banks to make a response to debtor countries comparable with that of Governments through the Trinidad terms.

The Government's position is that whenever the Paris club grants Trinidad arrangements, it should insist that the debtor seeks similar treatment from other creditors. The Government have also supported proposals for limited use of IMF and World bank resources to support voluntary agreements on debt relief between debtors and banks. But the final decisions on relief concerning these commercial debts must be made by the banks and is a matter for their commercial judgment.