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Zambia: Debts

Volume 505: debated on Wednesday 10 February 2010

To ask the Secretary of State for International Development how much of Zambia’s bilateral debt to the UK is outstanding. (316164)

Zambia has no outstanding bilateral debt to the UK. In April 2005 Zambia reached completion point under the heavily indebted poor countries initiative (HIPC), which aims to reduce external debt burdens of the most heavily indebted poor countries. This resulted in a full cancellation of Zambia’s remaining bilateral debt owed to the UK.