§ Mrs. ClwydTo ask the Chancellor of the Exchequer how much official debt is owed by Tanzania and Uganda; how much debt relief each has received under the Toronto terms; and what calculation the Treasury has made of the likely level of debt relief under Trinidad terms.
§ Mr. Maples[holding answer 19 October 1990]: At end 1988, the total official long-term debt owed by Tanzania and Uganda was $4 billion, and $1.6 billion respectively. Tanzania has received two reschedulings on Toronto terms, consolidating a total of $576 million. Uganda has received one rescheduling on Toronto terms which consolidated $89 million. The cash flow saving from these Toronto terms reschedulings compared with the effect of non-concessional rescheduling is therefore about $20 million each year for Tanzania and about $3 million each year for Uganda. If all official bilateral creditors, including the non-OECD creditors, were to implement Trinidad terms the stock of debt would be reduced by a total of about $1.6 billion for Tanzania, and $0.3 billion for Uganda.