§ Viscount MONTGOMERY of ALAMEINasked Her Majesty's Government:
Why, in the light of the very much improved economic situation in Chile, and the activities of competitors, medium-term ECGD cover is not available.
§ Baroness STEDMANECGD cover for medium-term credit was withdrawn in 1972 following default by Chile on her commercial debts. A large proportion of the rescheduled debt remains outstanding. Nevertheless, the possibility of a restoration of ECGD cover is under regular review.