§ Sir David SteelTo ask the Chancellor of the Exchequer when the United Kingdom will implement the Trinidad terms on remission of debt for the poorest countries as indicated by the Prime Minister in October 1991.
§ Mr. NelsonThe United Kingdom conduct their policy with regard to developing country debt issues through the Paris Club. This multilateral approach is shared by our creditor colleagues, and works to the benefit of both creditors and debtors. The United Kingdom Government have an excellent record on initiatives and action on developing country debt—including the Prime Minister's Trinidad terms. For full details, I refer the hon. Member to the reply that I gave recently to the hon. Member for Roxburgh and Berwickshire (Mr. Kirkwood) on 26 April 1993,Official Report, c. 293.