§ Mr. MeacherTo ask the Chancellor of the Exchequer what was the value to the United Kingdom of debt interest payments from developing countries in 1990–91, 1991–92 and 1992–93 from(a) payments to the Export Credits Guarantee Department, (b) payments to the Overseas Development Administration, (c) payments to the Commonwealth Development Corporation and (d) in total.
§ Mr. Nelson[holding answer 4 May 1993]:The following data related to receipts received by each of the agencies from developing countries in the last three financial years. The figures include debt interest paid by Poland, Turkey and Yugoslavia.
£ million 1990–91 1991–92 1992–93 ECGD 228.0 338.0 332.0 ODA 5.9 7.9 4.2 CDC 67.0 65.9 86.2 Total 300.9 411.8 422.4
§ Mr. MeacherTo ask the Chancellor of the Exchequer (1) what was the value to the United Kingdom of debt interest payments from Zambia in 1990–91, 1991–92 and 1992–93 from(a) payments to the Export Credits Guarantee Department, (b) payments to the Overseas Development Administration, (c) payments to the Commonwealth Development Corporation and (d) in total;
(2) what is the current total of outstanding debt owed to the United Kingdom by Zambia.
§ Mr. Nelson[holding answer 4 May 1993]: The details of individual debtors' positions are confidential to the country concerned. We cannot publish these figures without the consent of the authorities in the debtor countries. However, I can say that at the beginning of April the ODA wrote off £56 million of old aid debts with Zambia. This followed the International Monetary Fund's approval of Zambia's rights accumulation programme.
§ Mr. MeacherTo ask the Chancellor of the Exchequer whether negotiations have started for the second stage of Nicaragua's Trinidad terms debt agreement of 17 December 1991; and if he will make a statement.
§ Mr. Nelson[holding answer 4 May 1993]: Negotiations have not yet started for the second stage of Nicaragua's Trinidad terms debt agreement. Under that agreement, creditors agreed to consider a stock of debt reduction for Nicaragua after three or four years following a period of proven financial and economic responsibility. The Government are continuing to press the Paris Club to agree to earlier action on the stock of debt of the poorest and most heavily indebted countries.
§ Mr. MeacherTo ask the Chancellor of the Exchequer what is the current total of outstanding debt owed to the United Kingdom by developing countries.
190W
§ Mr. Nelson[holding answer 4 May 1993]: The latest figure available for the current total official outstanding debt owed to the United Kingdom by developing countries is £9.67 billion.