CREDITOR COUNTRIES DEBT WRITE-OFFS: IMF AND WORLD BANK RESPONSE

HL Deb 31 October 1990 vol 522 cc1895-6WA

Lord Rea

asked Her Majesty's Government:

What response, if any, has been made by the International Monetary Fund and World Bank to the Chancellor of the Exchequer's suggestion at the Commonwealth Finance Ministers meeting in Trinidad in September that creditor countries should double their official debt write-offs.

Lord Hesketh

At the Interim and Development Committee meeting on 23rd–24th September 1990, the International Monetary Fund and the World Bank welcomed the Chancellor of the Exchequer's suggestion made at the Commonwealth Finance Ministers meeting that creditor countries should double their official debt write-offs.