§ Mr. FlynnTo ask the Chancellor of the Exchequer what proposals for debt collection for the world's least developed countries will be put forward by the United Kingdom delegation to the United Nations conference on environment and development to be held in Rio de Janeiro in June.
§ Mr. Nelson[holding answer 21 May 1992]: The United Kingdom Government have consistently taken the lead in advocating debt cancellation for the poorest and most heavily indebted countries. At the UNCED conference the United Kingdom Government will urge all creditor countries to participate in the implementation of Trinidad terms, under which 50 per cent. of these countries' eligible debt can be cancelled, and will call for further improvemetns to the terms along the lines originally proposed by the then Chancellor of the Exchequer in Trinidad in September 1990.