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Debt

Volume 455: debated on Tuesday 16 January 2007

To ask the Chancellor of the Exchequer how much debt is owed by (a) low and (b) lower middle income country Governments to the UK through (i) the Export Credits Guarantee Department, including debts that have been rescheduled after Paris Club agreements and (ii) HM Treasury, broken down by country. (114485)

The following table sets out ECGD claims balances, including debts that have been rescheduled in the Paris Club for low and lower middle income countries as at end November 2006. These debts arose from defaulted exported contracts that were insured or guaranteed by ECGD. There are no debts outstanding specifically to the Treasury.

Income category/market

Total (£ million)

Low income

Burma

23

Congo, Democratic People’s Republic of

89

Cote D’Ivoire

18

Guinea

4

Kenya

20

Korea, Democratic Peoples Republic of

6

Liberia

22

Pakistan

6

Sierra Leone

3

Somalia

27

Sudan

578

Togo

23

Vietnam

9

Zimbabwe

103

Lower middle income

Angola

134

Bosnia and Herzegovina

1

Congo

188

Cuba

130

Ecuador

44

Egypt

145

Indonesia

765

Iran (Islamic Republic of)

29

Iraq

530

Jordan

352

Macedonia

2

Morocco

5

Peru

55

Philippines

1

Serbia and Montenegro

174