§ Mr. Campbell-SavoursTo ask the Prime Minister how much will be written off the outstanding debts owed by the poorest and most indebted countries under the plan announced by him at the Commonwealth Heads of Government summit.
§ The Prime MinisterDebt relief of around two thirds will be granted to the poorest and most heavily indebted countries, subject to satisfactory performance under an IMF programme.
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§ Mr. Campbell-SavoursTo ask the Prime Minister what progress he has made in persuading other creditor nations to offer debt relief under the plans announced at the Commonwealth Heads of Government meeting.
§ The Prime MinisterDiscussions continue in the Paris Club on the implementation of the Trinidad terms proposals for providing greater debt relief to the poorest and most heavily indebted countries. Our objective remains to secure maximum participation in a multilateral agreement to provide greater debt relief. However, as made clear at the Commonwealth Heads of Government meeting, the United Kingdom, acting in concert with as many creditors as possible, will implement Trinidad terms in the very near future if the Paris Club is unable to reach agreement.