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1244687
registered interest false more like this
date less than 2020-10-19more like thismore than 2020-10-19
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury remove filter
hansard heading Debts Written Off: Developing Countries more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Chancellor of the Exchequer, if he will make representations to his overseas counterparts at the G20 Finance Ministers Meetings on the cancellation of developing countries' debts to the IMF and World Bank to help those countries tackle the covid-19 pandemic. more like this
tabling member constituency Coventry South more like this
tabling member printed
Zarah Sultana more like this
uin 105566 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2020-10-23more like thismore than 2020-10-23
answer text <p>The Government is closely monitoring the impact of the crisis on the debt situation in developing countries, including through our membership of the International Monetary Fund, World Bank and Paris Club. It is clear that the COVID-19 pandemic is placing extraordinary pressures on the finances of low and middle income countries. Recognising this, the G20 has taken action to support these countries, agreeing the landmark DSSI (Debt Service Suspension Initiative).The DSSI provides a suspension of debt repayments to eligible countries so they can focus resources on their coronavirus response.</p><p>On the 14<sup>th</sup> October, the G20 Finance Ministers and Central Bank Governors (FMCBG) met. They agreed to extend the DSSI for a further six months and, importantly, reached an in principle agreement on a Common Framework on future debt treatments beyond the DSSI to facilitate timely and orderly debt treatment for DSSI-eligible countries where this is required.A further G20 FMCBG meeting is to take place in early November and the UK is asking all G20 countries to fulfil the necessary internal approvals to endorse and publish the Common Framework in due course.</p><p> </p>
answering member constituency Salisbury more like this
answering member printed John Glen more like this
question first answered
less than 2020-10-23T08:19:16.7Zmore like thismore than 2020-10-23T08:19:16.7Z
answering member
4051
label Biography information for John Glen more like this
tabling member
4786
label Biography information for Zarah Sultana more like this