§ Mr. Jon Owen JonesTo ask the Chancellor of the Exchequer what steps the Government are taking to encourage British banks to cancel a proportion of debts owed to them by third-world countries.
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§ Mr. NelsonThe Government welcome the significant progress made by banks in reaching voluntary arrangements on debt relief with developing countries. The United Kingdom is financing its share of the International Monetary Fund and World bank resources used in support of these arrangements.