HL Deb 10 October 1994 vol 557 c97WA
Lord Hylton

asked Her Majesty's Government:

Whether they will recommend (a) that the debt of the Republic of Bosnia-Herzegovina to the World Bank and the International Monetary Fund should be apportioned between the government-controlled and the Serb-controlled areas; and (b) that the government-controlled portion of debt should be written off, while the Serb-controlled portion should receive favourable treatment if and when the Bosnian Serbs rejoin the Republic of Bosnia-Herzegovina.

Lord Henley

The assets and liabilities of the former Yugoslavia in respect of the IMF and World Bank were apportioned, by agreement of the Executive Boards of the IMF and World Bank, to the successor republics to the former Yugoslavia, one of which is the Republic of Bosnia-Herzegovina. The Government do not believe it is appropriate to address the question of further apportionment now. The Government do not in any event support write-off or rescheduling of debt owed to the World Bank and IMF.