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Less-Developed Countries (Debt)

Volume 264: debated on Thursday 26 October 1995

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To ask the Chancellor of the Exchequer if he will publish a table projecting, for each less-developed country, the total debt stock and annual debt service obligation if the Trinidad and Madrid terms were to be implemented in full. [38396]

I regret that the figures are not available to produce meaningful projections as requested.Our objective in proposing the Trinidad terms for bilateral debt, and the multilateral debt initiative launched in Madrid, is to reduce the debt burden of the poorest, most indebted countries to sustainable levels. We continue to pursue this objective.