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Iraq (Debt)

Volume 404: debated on Thursday 8 May 2003

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To ask the Chancellor of the Exchequer (1) what economic terms he plans to set out regarding the repayment of Iraq's debt to the UK; and if he will make a statement; [111811]

(2) what terms of (a) relief, (b) restructuring and (c) rescheduling of Iraq's debt he plans to propose in the Paris Club: and if he will make a statement. [111819]

The UK supports a full assessment by the IMF and the World Bank of Iraq's economic potential, needs and obligations. In the light of that assessment the UK will seek a fair and sustainable solution to Iraq's debt, including to the UK, at the Paris Club of official creditors.