HC Deb 26 January 1989 vol 145 cc661-2W
Mr. Tom Clarke

To ask the Secretary of State for Foreign and Commonwealth Affairs how much of the debt owed by each of the 17 most indebted countries is owed to(a) Her Majesty's Government and (b) British banks.

Mr. Chris Patten

As at 31 March 1988 amounts outstanding to the Overseas Development Administration from the 17 countries classified by the World Bank as highly indebted were as follows:

£
Argentina
Bolivia 270,856.48
Brazil 3,416,096.55
Chile
Colombia 2,847,924.56
Costa Rica 3,214,041.25
Cote D'Ivoire 1,814,770.77
Ecuador 7,557,273.24
Jamaica 49,180,720.59
Mexico
Morocco
Nigeria 5,175,084.04
Peru 4,194,608.65
Philippines 5,481,634.67
Uruguay
Venezuela
Yugoslavia

The latest available figures on amounts at risk to ECGD were published in its "Summary of audited trading results 1986/87". Claims by United Kingdom commercial banks on developing countries are listed in table 15 of the Bank of England Quarterly Bulletin.

Mr. Tom Clarke

To ask the Secretary of State for Foreign and Commonwealth Affairs what was the net financial transfer of resources to the 17 most indebted countries during 1988; and if he will make a statement.

Mr. Chris Patten

Figures for net resource transfers in 1988 are not yet available.

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