Skip to main content

Overseas Debt

Volume 330: debated on Tuesday 27 April 1999

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

To ask the Secretary of State for International Development how much debt was owed to her Department by each individual debtor country at 31 December 1998. [82006]

The debts outstanding to the Department for International Development as of 31 December 1998 are as follows:

£000
CountryPrincipalInterestTotal
Antigua and Barbuda1,6871,687
Belize11,92811,928
Brazil1,6923822,074
Cameroon6767
Cayman Islands188188
Colombia170170
Costa Rica76693859
Cyprus131131
Ecuador7,7833,93511,718
India5,8065,806
Jamaica29,13310,57639,709
Liberia77178
Malaysia2,9032823,185
Nigeria4,907244,931
Paraguary1,8741,874
Phillipines2,7021452,847
Seychelles7,8868248,710
St. Kitts2,3032,303
St. Vincent3,4213,421
Swaziland1,5381,538
Turkey24,0164,77128,787
Zimbabwe11,33455711,891
Total122,31221,590143,902
Our Department has cancelled the debts of over 30 countries, worth over £1.2 billion since 1978. In September 1997, we launched the Commonwealth Debt Initiative, announcing that we were willing to cancel the remaining aid debt due to the UK from lower income Commonwealth countries to those countries which are committed to the International Development Goals and are following sound economic policies which benefit the poor, and which promote responsive and accountable government, encourage transparency and bear down on corruption.