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<p>The UK has been at the forefront of leading the international response in assisting
developing countries to deal with debt challenges exacerbated by the COVID-19 pandemic.
Through the G20 and Paris Club, the UK has supported a new Debt Service Suspension
Initiative (DSSI) which has agreed to defer the debt service repayments of low-income
countries until at least June 2021, ensuring they can focus their resources on the
health and economic response to Covid-19.</p><p> </p><p>As of 13 November 2020, 46
countries have requested to benefit from the DSSI, amounting to an estimated USD 5.7bn
of 2020 debt service deferral. In relation to the UK, 10 countries have requested
to benefit from the DSSI in 2020. The following table shows the amounts that the government
has agreed to defer for 2020.</p><p> </p><table><tbody><tr><td><p>Country</p></td><td><p>Estimated
deferred amount (USD million<sup>1</sup>)</p></td><td><p>Additional remarks<sup>2</sup></p></td></tr><tr><td><p>Angola</p></td><td><p>0.57</p></td><td><p>1
contract in US (0.1m USD); 1 contract in EUR (0.43m EUR)</p></td></tr><tr><td><p>Dominica</p></td><td><p>0.89</p></td><td><p>1
contract in USD (0.89m USD)</p></td></tr><tr><td><p>Grenada</p></td><td><p>0.31</p></td><td><p>1
contract in GBP (0.24m GBP)</p></td></tr><tr><td><p>Lesotho</p></td><td><p>0.006</p></td><td><p>EU
IDA credits, contract in GBP (4,935 GBP)</p></td></tr><tr><td><p>Myanmar</p></td><td><p>2.35</p></td><td><p>1
contract in GBP (1.72m GBP); 1 contract in USD (0.2m USD)</p></td></tr><tr><td><p>Nepal</p></td><td><p>0.51</p></td><td><p>EU
IDA credits, contract in GBP (405,864 GBP)</p></td></tr><tr><td><p>Pakistan</p></td><td><p>0.66</p></td><td><p>1
contract in GBP (0.53mGBP)</p></td></tr><tr><td><p>Samoa</p></td><td><p>0.0008</p></td><td><p>EU
IDA credits, recently identified by WBG, contract in GBP (663 GBP)</p></td></tr><tr><td><p>Yemen,
Republic of</p></td><td><p>0.03</p></td><td><p>EU IDA credits, contract in GBP (23,325
GBP)</p></td></tr><tr><td><p>Zambia</p></td><td><p>0.90</p></td><td><p>1 contract
in USD (0.9mUSD)</p></td></tr></tbody></table><p><sup>1</sup> If the original currency
of the agreement/country is not in USD, please convert in USD by using the exchange
rates as of 30 April 2020 provided by the IMF</p><p><sup>2</sup> EU IDA credits are
the UK’s share of EU credits delivered by the World Bank’s International Development
Association</p><p> </p><p>We cannot at this stage set out the information requested
for 2021 as it remains for individual countries to approach the Paris Club and G20
to request to continue or newly take advantage of the DSSI extension.</p>
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