§ Mr. Robert BanksTo ask the Secretary of State for Foreign and Commonwealth Affairs what are the estimates of outstanding debt for(a) Sudan, (b) Zimbabwe, (c) Ghana, (d) Zambia and (e) Uganda.
§ Mrs. ChalkerAccording to the World bank debt tables 1990–91, the total external debts outstanding for the five countries listed are as follows:
Total external Debt (US$ millions) Sudan 12,965 Zimbabwe 3,088 Ghana 3,087 Zambia 6,874 Uganda 1,808
§ Mr. Robert BanksTo ask the Secretary of State for Foreign and Commonwealth Affairs what concessions have been given to(a) Sudan, (b) Zimbabwe, (c) Ghana, (d) Zambia and (e) Uganda in respect of repayment of debt to bankers and the Government during the last three years.
§ Mrs. ChalkerFor Ghana, Sudan and Uganda during the last three years Her Majesty's Government have cancelled old aid loans worth £10.4 million, £1.3 million and £1.3 million respectively, under their scheme for retrospective terms adjustment. Zimbabwe and Ghana have strong records of servicing their debts and have avoided the need for rescheduling. Uganda and Zambia have received concessional reschedulings of their official debts to Government creditors under Toronto terms during the last three years: Uganda in January 1989 and Zambia in July 1990. Sudan has been unable to reach agreement with her creditors and has allowed substantial debt arrears to accumulate. None of the countries listed has reached debt relief agreements with its commercial bank creditors during the last three years.