HC Deb 25 May 1976 vol 912 cc139-40W
Mr. Kinnock

asked the Chancellor of the Exchequer if he will make a statement about the current negotiations about the re-scheduling of the Chilean debt by the United Kingdom and the World Bank.

Mr. Robert Sheldon,

pursuant to his reply [Official Report, 24th May 1975; Vol. 912, c. 87], gave the following information:

No negotiations are in progress about the rescheduling of Chile's debts to the United Kingdom. We have made it clear that we shall not do so for 1975 debts because of Chile's attitude to human rights. We have formally asked the Chilean authorities on a number of occasions for payment in full of her outstanding debts due in 1975, and shall continue to do so as necessary. We are informed that the Chilean Government have no present intention of asking her creditors to renegotiate debts falling due for payment in 1976. None of Chile's debts has been rescheduled by the World Bank.