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1003831

	registered interest
	date	09/11/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Debts: Developing Countries
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, if he will issue a response to EDM 158, transparency of developing country debts.
	tabling member constituency	Glasgow North
	tabling member printed	Patrick Grady
	uin	189731
	answer	answer is ministerial correction date of answer 14/11/2018 answer text <p>The Government recognises that ensuring debt sustainability and transparency in Low Income Countries (LICs) is important. UK-based lenders are subject to extensive prudential disclosure requirements under UK prudential and accounting law, including for material loans made to foreign Governments, which appropriately reflect firms’ exposures. Compliance with these requirements are independently assessed by the relevant UK regulator during their supervisory activities.</p><p> </p><p>Given the complex international nature of LIC debt, we continue to believe that internationally-agreed assessments and coordinated approaches to tackle debt vulnerability are most effective. The G20 have been supporting work on debt sustainability, including G20 sustainable lending guidelines and voluntary industry-led initiatives to promote debt transparency from private lenders to sovereign nations, especially LICs.</p> answering member constituency Salisbury answering member printed John Glen question first answered 14/11/2018 17:28:56 answering member 4051 label Biography information for John Glen
	tabling member	4432 label Biography information for Patrick Grady

479061

	registered interest
	date	16/03/2016
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Debts: Developing Countries
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, if he will issue a response to Early Day Motion 68, Prevention of debt crisis in developing countries.
	tabling member constituency	Glasgow North
	tabling member printed	Patrick Grady
	uin	31311
	answer	answer is ministerial correction date of answer 22/03/2016 answer text <p>The Government agrees that the maintenance of sustainable debt levels is a critical factor for achieving poverty reduction. The UK has provided more than £5 billion in debt relief since 1996 under the Heavily Indebted Poor Countries and Multilateral Debt Relief Initiatives, and will continue to promote debt sustainability internationally.</p><p> </p><p>The Government is also committed to supporting developing countries to access their domestic tax revenues through our efforts in driving the G20-OECD Base Erosion and Profit Shifting project and our commitment to funding tax capacity building in developing countries bilaterally and multilaterally - including through the direct provision of technical assistance by the UK to tackle tax avoidance.</p> answering member constituency Chelsea and Fulham answering member printed Greg Hands question first answered 22/03/2016 14:10:44 answering member 1526 label Biography information for Greg Hands
	tabling member	4432 label Biography information for Patrick Grady