§ Mr. Silvesterasked the Secretary of State for Foreign and Commonwealth Affairs whether her Majesty's Government intend offering retrospective terms adjustment on loans to the East African community.
§ Mr. RaisonUnder the measure known as restrospective terms adjustment announced in 1978, the Government removed the burden of past aid loans from 17 of the poorest countries, including Kenya and Tanzania. This measure was extended to Uganda in 1982. Following an agreement to dissolve the East African Community signed by the heads of state for Kenya, Tanzania and Uganda on 3W 14 May this year, the Government agreed to waive arrears of principal and interest on United Kingdom Government loans to the Community up to 30 June 1984 and apply retrospective terms adjustment to the outstanding principal and interest payments from 1 July 1984. The value of this offer is about £4.7 million.