HC Deb 02 March 1989 vol 148 c290W
Ms. Lestor

To ask the Secretary of State for Foreign and Commonwealth Affairs what is the total amount of official debt owed to the United Kingdom by each country in sub-Saharan Africa; and what proportion of their total official debt this represents.

Mrs. Chalker

Following the cancellation of £275 million of old aid debts for sub-Saharan Africa, remaining debt to ODA is insignificant. Debt owed to ECGD by sub-Saharan African countries as at 31 December 1988 was .1.868 billion (equivalent to about $3.25 billion at today's exchange rate). This amounts to around 4.5 per cent. of the $71.9 billion estimated in the IMF's October 1988 world economic outlook as sub-Saharan Africa's total long-term debt in 1988 to official creditors (including the international financial institutions except the IMF). Figures for debts owed to ECGD by individual countries are not published.

Forward to