§ Mr. WallaceTo ask the Chancellor of the Exchequer what progress has been made in pursuing, with other members of the Paris Club, the proposals made by the previous Chancellor of the Exchequer on 19 September to improve concessions made to third-world countries and the Toronto terms; and if he will make a statement.
§ Mr. Maples[holding answer 17 December 1990]: The United Kingdom's Trinidad proposals are currently being discussed by the members of the Paris Club as part of a general review of the treatment of the poorest, highly indebted countries. Naturally, other creditors have ideas of their own, many of which would be complementary to the United Kingdom proposals. It is too early to say what the result of the review will be. However, we remain confident that a new package incorporating many of the important features of the Trinidad terms will be agreed during 1991.