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Debt Relief

Volume 406: debated on Tuesday 3 June 2003

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To ask the Minister of State, Department for International Development from which departmental budget the money provided to ECGD by the Department for debt relief comes. [115101]

While DFID is implementing the Governments 100 per cent. bilateral debt relief policy, the cost of financing this policy is being met by HM Treasury. At the time of the Chancellors announcement in December 1999, he made it clear that the money paid to ECGD for the countries qualifying for HIPC debt relief would be additional to the international development budget.

To ask the Minister of State, Department for International Development if he will list the payments made by the Department to the ECGD for debt relief, and the dates on which they were made; and if he will list the payments made by the Treasury to his Department in order to cover this debt relief, and the dates on which such payments were made. [115103]

To date, DFID has paid £42,359,392 to ECGD in respect of claims made under the Governments 100 per cent. bilateral debt relief policy. I attach a list of payments, including the dates they fell due, to ECGD. Of this amount, HM Treasury transferred £37,004,492 to DFID in the Spring Supplementary Estimates for 2001–02 (covering payments in 2000–01 and 2001–02) and 2002–03. DFID also received £6.5 million for 2002–03 and a further £6.5 million for 2003–04 in the Spending Review 2002 (SR2000). Any additional costs for the current financial year will be reclaimed in the Spring Supplementary Estimates for 2003–04.

100 per cent. bilateral debt relief policy: payments to ECGD
£
Countries/Date Payments DueAmount paid
Benin
24 October 200028,402.78
24 April 200127,238.73
24 October 200123,584.45
24 April 200219,672.42
24 October 200219,780.51
Bolivia
30 June 2000 and 1 July 2000406,101.20
15 August 20002,232.31
31 December 2000 and 1 January 2001463,529.11
30 June 2001409,427.62
Cameroon
31 December 2000232,214.16
30 June 2001299,238.01
31 December 200163,663.06
30 June 200254,104.34
31 December 200263,879.35
Chad
August 2001157,796.56
Ethiopia
30 June 200225,001.34
30 September 20027,784.56
31 March 20035,944.70
Ghana
22 January 2003124,516.62
Guinea
31 December 200112,305.85
30 June 20026,275.50
31 December 20027,765.07
Guyana
23 December 20002,458,122.98
23 May 20011,227,938.39
Malawi
August 20013,648,338.03
February 2003758.99
Mali
20 November 200053,792.10
20 May 200150,094.71
20 November 200144,478.62
20 May 200214,619.07
29 January 200318,203.72
08 April 20034,051.16
Mauritania
31 December 20005,128.92
30 June 20014,014.71
31 December 20014,520.37
30 June 20024,117.83
Mozambique
13 February 20036,998,632.39
Niger
30 June 200295,042.56
31 December 200231,105.97
100 per cent. bilateral debt relief policy: payments to ECGD
£
Countries/Date Payments DueAmount paid
Senegal
17 December 200011,380.38
15,17,30 June 200115,803.01
01 June 2001144,902.70
23 August 200117,342.23
15,17,31 December 200115,139.39
15,17,30 June 200212,793.22
Tanzania
01 June 2001237,236.29
14 August 2001879.82
01 December 2001148,505.12
01 June 200297,653.28
01 December 2002120,565.18
February 200318,419,160.39
Uganda
1 April 2000187,973.06
1 September 2000176,886.96
Yemen
1 August 200194,524.86
September 2001662.32
1 February 200290,503.53
1 August 200271,609.74
August 20023,092,538.47
Zambia
August 20011,718,589.93
November 2002 and February 2003561,323.53
Total amount paid to ECGD42,359,392.18

Note:

Payments are made as near as possible to the dates they are due.

To ask the Minister of State, Department for International Development by what amount the Departments budget has changed in the last three years in order to pay the ECGD for debt relief to highly indebted poor countries; and if he will make a statement. [115105]

The budget for the Department for International Development has been increased by £43.5 million over the last three financial years (2000–01 to 2002–03) to finance the 100 per cent. bilateral debt relief policy. To date, DFID has paid some £42.4 million to ECGD in respect of claims under this policy.