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873554
unstar this property registered interest false more like this
unstar this property date less than 2018-03-28more like thismore than 2018-03-28
star this property answering body
Treasury remove filter
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury more like this
star this property hansard heading Debts: Sovereignty more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask Mr Chancellor of the Exchequer, what assessment his Department has made of the effect on the sovereignty and independence of states of high levels of debt. more like this
star this property tabling member constituency Romford more like this
star this property tabling member printed
Andrew Rosindell more like this
star this property uin 134668 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer remove filter
star this property answer text <p>The International Monetary Fund (IMF) has recently reported that almost 40% of Low Income Countries (LICs) now face significant debt-related challenges, up from 21% in 2013. The Government recognises that rising sovereign debt levels have led to increased debt vulnerabilities in many LICs.</p><p>Though the Government has not made its own assessment of the effect of high debt levels on the sovereignty and independence of states, high levels of debt can leave countries exposed to adverse exogenous shocks, like fluctuating commodity prices. Given the complex international nature of LIC sovereign debt, we continue to believe that internationally-agreed assessments and coordinated approaches to tackle debt vulnerability are most effective. The UK will continue to work through fora such as the IMF, World Bank, G20, and the Paris Club to promote LIC debt sustainability.</p> more like this
star this property answering member constituency South West Norfolk more like this
star this property answering member printed Elizabeth Truss more like this
star this property question first answered
less than 2018-04-20T10:24:42.873Zmore like thismore than 2018-04-20T10:24:42.873Z
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4097
star this property label Biography information for Elizabeth Truss more like this
star this property tabling member
1447
star this property label Biography information for Andrew Rosindell remove filter