Less Developed Countries (Interest Rates) (Hansard, 7 February 1986)

HC Deb 07 February 1986 vol 91 cc267-8W 268W

§ Mr. Beith
asked the Secretary of State for Foreign and Commonwealth Affairs whether he will make a statement on the impact that the rise in pound sterling interest rates has had on the economies of less developed countries.

§ Mrs. Chalker
The proportion of debt of less developed countries denominated in pounds sterling is so small that a change in sterling interest rates has relatively little impact.