§ Q105. Mr. DalyellTo ask the Prime Minister what is the policy of Her Majesty's Government on the 61W arrangements known as debt-for-nature swap, in relation to helping Governments with substantial areas of rain forest at risk.
§ The Prime MinisterWe welcome debt for nature swaps agreed voluntarily between commercial banks and debtors. Arrangements whereby conservation organisations can benefit from the secondary market discount on commercial bank debt can provide valuable additional resources for the environment. But their role is likely to remain limited.