HC Deb 19 January 1998 vol 304 c391W
Mr. Cohen

To ask the President of the Board of Trade if the delivery of Hawk Jets to Indonesia has been made; how much the Export Credits Guarantee Scheme has contributed to the sale; and, following the economic problems in Indonesia, what assessment he has made of the likelihood of full payment being received at the expected time. [23102]

Mrs. Roche

16 of the 40 aircraft remain to be delivered.

ECGD has guaranteed two loans valued at US$530 million and £13.4 million for a contract for Hawk Aircraft made with the Indonesian Government in 1993 and one loan valued at £280 million in respect of a further contract made in 1996.

In view of the recent financial turbulence in Asia, ECGD is monitoring the situation closely. Payments under the above mentioned loans are up to date.

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