HC Deb 14 March 1978 vol 946 cc181-2W
Mr. Ian Lloyd

asked the Minister of Overseas Development which of the 22 countries mentioned by the Minister of State for Overseas Development at Geneva in the proposed cancellation of loans announcement have defaulted on their interest obligations in respect of these loans, which have sought a rephasing of capital repayments and which have defaulted on capital repayments.

Mrs. Hart

Of the countries that may theoretically be eligible for consideration, the People's Democratic Republic of Yemen and Uganda were in default on payments of principal and interest at the end of 1977, and Kampuchea—Cambodia—on payments of principal. Rescheduling of debt—including aid debt—has recently been agreed with Sierra Leone, and refinancing has in the past been arranged for India and Pakistan.

Mr. Ian Lloyd

asked the Minister of Overseas Development whether the proposed British cancellation of development loans announced at Geneva has been discussed with or approved by the International Monetary Fund or other major United Kingdom creditors.

Mrs. Hart

Any consideration of changes in the terms of British aid does not need discussion with the International Monetary Fund.

Forward to