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Debt

Volume 710: debated on Monday 11 May 2009

Question

Asked by

To ask Her Majesty's Government how much debt is owed to the United Kingdom by developing countries; and which are the ten most indebted nations. [HL2605]

The UK Government are owed a total of £2,813 million (including accrued interest) by emerging and developing countries, as defined by the International Monetary Fund. The 10 emerging and developing countries with the greatest sovereign debts to the UK are:

Indonesia;

Sudan;

Iraq;

Serbia;

Zimbabwe;

Cuba;

Egypt;

Republic of Congo;

Democratic Republic of Congo; and

Somalia.