§ Mr. DalyellTo ask the Secretary of State for Foreign and Commonwealth Affairs if he will make a statement on the bilateral talks in Lima between Her Majesty's Government and Peru on debt. [2424]
§ Sir Nicholas BonsorFollowing negotiations in Lima last month between officials of the Export Credits Guarantee Department and the Government of Peru, the United Kingdom-Peru agreement No. 5 (1996), covering approximately £120 million of debt owed by Peru to ECGD, was signed on 4 November 1996. This agreement follows on from the July agreement of the Paris Club of Government creditors to reschedule £6.3 billion of Peru's official bilateral debts over 20 years.534W Her Majesty's Government wrote off the Overseas Development Administration's outstanding aid loans to Peru, worth some million, in 1995.