HC Deb 20 October 1994 vol 248 c286W
Mr. Wallace

To ask the Chancellor of the Exchequer if he will provide figures on the total debt relief resulting from the implementation of the Trinidad terms; which countries have benefited; which countries are eligible; and which of these have outstanding debts.

Mr. Nelson

To date over $7¼ billion of debt has been restructured by the Paris Club under the Trinidad terms which has resulted in debt or debt service reduction equivalent to over $2¾ billion.

To date, 22 countries have benefited from a reduction in the burden of their official bilateral debt under Trinidad terms. These are Benin, Bolivia, Burkina Faso, Central African Republic, Cote D'Ivoire, Ethiopia, Equatorial Guinea, Guinea Republic, Guyana, Honduras, Mali, Mauritania, Mozambique, Nicaragua, Niger, Senegal, Sierra Leone, Tanzania, Togo, Uganda, Vietnam and Zambia.

Trinidad terms are available to the world's poorest and most severely indebted countries which are following International Monetary Fund programmes of economic reform. It is not possible to say which countries might obtain debt relief under Trinidad terms in the future because the merits of all requests for debt rescheduling are considered by the Paris Club creditors on a case-by-case basis.

Back to