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1697423
registered interest false more like this
date less than 2024-03-20more like thismore than 2024-03-20
answering body
Foreign, Commonwealth and Development Office more like this
answering dept id 208 more like this
answering dept short name Foreign, Commonwealth and Development Office more like this
answering dept sort name Foreign, Commonwealth and Development Office more like this
hansard heading Developing Countries: Debts more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Minister of State, Foreign, Commonwealth and Development Office, with reference to the oral contribution of the Secretary of State for Foreign, Commonwealth and Development Affairs of 12 March 2024, Lords Official Report, column 1910, If he will publish a summary of Treasury advice received by his Department on legislation concerning private creditors. more like this
tabling member constituency West Ham remove filter
tabling member printed
Ms Lyn Brown more like this
uin 19579 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2024-03-26more like thismore than 2024-03-26
answer text <p>The Government recognises the importance of private sector lending to low-income countries. The UK, alongside international partners, expects private creditors to participate in debt restructurings on terms at least as favourable as bilateral (i.e. country) creditors.</p><p>At this time, the Government is focused on delivering a market-based (contractual) approach to private sector participation in debt restructuring, which the IMF have found to be largely effective in recent years. As part of this, the UK has led the development of Majority Voting Provisions for private syndicated loans. We engage regularly with the Treasury on this issue.</p> more like this
answering member constituency Sutton Coldfield more like this
answering member printed Mr Andrew Mitchell more like this
question first answered
less than 2024-03-26T14:26:37.33Zmore like thismore than 2024-03-26T14:26:37.33Z
answering member
1211
label Biography information for Mr Andrew Mitchell more like this
tabling member
1583
label Biography information for Ms Lyn Brown more like this