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<p>I refer the hon. Member to the answer given by the former Financial Secretary to
the Treasury, my right hon. Friend the Member for Bromsgrove (Mr Javid) on 6 January
2014, which includes information on the Government's approach to promoting debt sustainability
among low income countries.</p><p> </p><p>The impact assessment for the Debt Relief
(Developing Countries) Act 2010 indicates direct benefits to Heavily Indebted Poor
Countries (HIPCs) of between zero and £26m a year. The Government's decision to make
the Act permanent on 25 May 2011 was taken following consultation with relevant stakeholders;
evidence from that exercise suggested that the Act had some benefit on HIPCs and no
evidence was found of unintended or adverse effects.</p><p> </p><p>The UK continues
to be at the forefront of international efforts to promote responsible lending and
borrowing practices, including our ongoing support for the IMF/World Bank Debt Sustainability
Framework and OECD lending principles covering official export credits. The UK also
supports the World Bank's debt reduction facility, which enables countries to buy
back their commercial debt at a deep discount with donor backing, and the African
Legal Support Facility, which provides legal advice to countries facing litigation.</p><p>
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