HL Deb 19 November 1998 vol 594 cc200-1WA
Viscount Exmouth

asked Her Majesty's Government:

What is:

  1. (a) the total amount owed to the United Kingdom by the countries of Latin America;
  2. (b) the amount owed by each country in the region; and
  3. (c) the annual repayments, including interest, paid by each country in the region. [HL3843]

Lord McIntosh of Haringey

The table below shows the residual balance and the annual payments due (comprising principals and interest falling due in the period from November 1998 to November 1999) owed by each country in Latin America:

Residual Balance of export credit debt (£ million) Annual payments due on export credit debt Nov 1998-Nov 1999 (£ million) Residual Balance of aid loan debt (£ thousand) Annual payments due on aid loan debt Nov 1998-Nov 1999 (£ thousand)
Argentina 63 21 0 0
Bolivia 17 1 0 0
Brazil 540 110 250 90
Colombia 0 0 50 0*
Costa Rica 0* 0 370 50
Ecuador 52 8 860 350
Guyana 44 3 0 0
Mexico 84 42 0 0
Nicaragua 1 0* 0 0
Paraguay 0 0 230 0
Peru 153 10 0 0
Small payments before roundings.

The residual balance owed to the UK by these countries totals some £960 million.