§ Mr. HansonTo ask the Chancellor of the Exchequer what plans the Government have to extend the Trinidad terms on world debt to countries not currently covered by them.
§ Mr. NelsonThe Paris Club of creditor countries has so far given debt relief on Trinidad terms to 15 of the world's poorest and most indebted countries, 12 of them in sub-Saharan Africa. They include Benin, Bolivia, Ethiopia, Equatorial Guinea, Guinea Republic, Honduras, Mali, Mauritania, Mozambique, Nicaragua, Sierra Leone, Tanzania, Togo, Uganda, and Zambia. Trinidad terms are not intended for better-off but for heavily indebted countries, although I recognise that for some heavily indebted, lower-middle income countries, concessional debt relief may be necessary. Therefore, I welcome the call made by the G7 at the Munich summit to consider the special situation of some heavily indebted lower-middle income countries on a case-by-case basis.