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min answer › question first answered	2019-10-08T12:13:27.11Z
answering dept sort name	Treasury
answer › answering member printed	The Earl of Courtown
max answer › date of answer	2019-10-08

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registered interest

date

exactly:

or between:
and

answering body

answering dept id

answering dept short name

answering dept sort name

hansard heading

house id

legislature


pref label

question text

tabling member printed

uin

answer

is ministerial correction

date of answer

exactly:

or between:
and

answer text

answering member printed

question first answered

answering member


label

tabling member


label

1146959

registered interest

date

30/09/2019

answering body

Treasury

answering dept id

answering dept short name

Treasury

answering dept sort name

Treasury

hansard heading

Debts: Developing Countries

house id

legislature

25277

	pref label	House of Lords

question text

To ask Her Majesty's Government what plans they have, if any, to initiate, or support, a new debt relief scheme designed to assist the least developed countries affected by climate change.

tabling member printed

The Earl of Sandwich

uin

HL17933

answer

is ministerial correction

date of answer

08/10/2019

answer text

The UK is a member of the Paris Club of official creditors, and any bilateral restructuring of UK loans to other sovereigns is conducted through this group. The UK forgave most of our loans to the least developed countries through the Paris Club framework under the International Monetary Fund (IMF) and World Bank Group (WBG) Heavily Indebted Poor Countries (HIPC) initiative in the 1990s and 2000s.The UK continues to play a leading role in discussions on debt sustainability and transparency in international fora, including on climate-resilient instruments. The UK has supported work through the Paris Club and G7 to develop “Hurricane Clauses” which can provide Caribbean sovereigns with cash-flow relief following natural disasters.The UK also provides broader policy support to assist the least developed countries affected by climate change. The Prime Minister announced at the UN Climate Action Summit on 23rd September 2019 that the UK would be doubling its international climate finance commitment to £11.6bn over the next five years. This will include work to help vulnerable countries and communities become resilient to the damaging effects of climate change.

answering member printed

The Earl of Courtown

question first answered

08/10/2019 12:13:27

answering member

3359

	label	Biography information for The Earl of Courtown

tabling member

2109

	label	Biography information for The Earl of Sandwich