HC Deb 06 March 2000 vol 345 c525W
Mr. Corbyn

To ask the Chancellor of the Exchequer what recent debt write-off arrangements have been agreed with the Government of Mozambique that cover payments to countries which are in receipt of IMF assistance. [112927]

Miss Melanie Johnson

As my hon. Friend will be aware, at the Chancellor's initiative, the UK will relieve 100 per cent. of Mozambique's outstanding bilateral official debt and will receive no further debt payments from that country.

In July 1999, as part of the Heavily Indebted Poor Countries debt initiative, bilateral official creditors in the Paris Club agreed to 90 per cent. debt reduction for Mozambique. Two of these creditors are in receipt of IMF assistance. The Government are not a party to the negotiations of other bilateral official creditors which have been encouraged to offer similar levels of debt reduction.