§ Mr. CousinsTo ask the President of the Board of Trade if she will list the dates on which export credit loans to Governments and Government agencies have been rescheduled since 1990, indicating in each case for what values and with which countries. [46487]
§ Mrs. RocheThe Government do not provide export credit loans direct to other governments. Official export credits are those guaranteed or insured by the Export Credits Guarantee Department. ECGD has negotiated over 100 debt rescheduling agreements with 45 countries since January 1990. It should be noted that many debts originated in the seventies and eighties and have been rescheduled several times. Consequently details of debt rescheduled for the first time under each agreement are not readily available. To aggregate the debt under all agreements with each debtor country would result in a high degree multiple counting. The figure shown in the third column of the table is the approximate amount of debt treated under the latest signed agreements only.
476W
Bilateral debt agreements negotiated since 1 January 1990 Country Date(s) of agreement(s) Debt treated under latest agreement (approximately) £million Algeria 7 December 1994 81 18 December 1996 Argentina 17 March 1992 39 8 February 1993 Benin 16 November 1993 4 28 April 1997 Bolivia 19 March 1991 30 8 September 1992 11 September 1995 25 June 1996 Brazil 14 January 1993 631 Bulgaria 14 October 1992 2 25 March 1993 Burkina Faso 13 January 1992 2 24 July 1997 Cameroon 29 November 1990 22 3 November 1993 12 September 1995 9 December 1996 1— Republic of Congo 10 December 1994 54 26 May 1995 18 February 1997 Costa Rica 7 June 1990 0.7 12 November 1991 18 November 1993 Cote d'Ivoire 18 October 1990 13 30 July 1992 1 February 1995 1— Croatia 4 April 1996 88 Ecuador 30 May 1990 16 30 July 1992 13 January 1995 Egypt 21 April 1992 450 Ethiopia 12 August 1993 6 8 October 1997 Gabon 12 March 1991 36 9 August 1995 9 September 1996 Guinea Republic 27 February 1991 2 3 November 1993 12 February 1996 9 July 1997 477W
Bilateral debt agreements negotiated since 1 January 1990 Country Date(s) of agreement(s) Debt treated under latest agreement (approximately) £million Guyana 15 May 1991 125 12 February 1994 12 May 1997 Jamaica 28 May 1991 2 13 March 1992 3 December 1993 Jordan 29 August 1991 59 5 January 1993 29 June 1995 Kenya 15 July 1994 58 Macedonia 5 September 1996 4 Madagascar 25 October 1990 21 4 April 1991 21 October 1997 Mali 14 February 1990 19 9 November 1990 14 February 1997 Mauritania 13 July 1991 1 19 October 1993 18 February 1996 Mexico 22 March 1991 148 Morocco 28 March 1991 30 7 September 1992 Mozambique 20 April 1990 24 29 March 1991 15 December 1993 11 March 1997 Nicaragua 22 February 1993 2 Niger 6 April 1990 3 16 December 1991 20 June 1995 12 October 1997 Nigeria 10 June 1991 542 Peru 17 September 1992 122 30 December 1993 4 November 1996 Philippines 15 March 1990 15 13 November 1991 Poland 4 October 1991 1,576 30 December 1991 Russia 5 June 1992 80 25 May 1994 28 February 1995 26 February 1996 1— Senegal 26 October 1990 0.5 9 April 1992 26 December 1994 13 January 1995 Sierra Leone 6 March 1991 0.4 1 November 1993 15 December 1994 15 July 1996 Tanzania 26 June 1990 76 4 March 1991 24 August 1992 1 July 1997 Togo 3 April 1990 8 9 August 1991 12 December 1994 25 October 1995 Trinidad and Tobago 9 October 1990 5 Uganda 24 June 1993 17 28 February 1996 1— Vietnam 1 December 1994 21 Yemen 26 August 1997 9 Zaire (DRCongo) 23 July 1990 35 Zambia 20 May 1991 47 5 June 1997 1In neg. 1998
§ Mr. CousinsTo ask the President of the Board of Trade which countries have asked for the cancellation or rescheduling of export credit loans since 1 May 1997 which have not yet been agreed. [46488]
§ Mrs. RocheNone. Jordan, Cameroon, Cote d'Ivoire, Nicaragua, Uganda and Senegal have approached the Paris Club for debt reduction and/or rescheduling since 1 May 1997. Agreement has been reached in all cases. No other debtor countries have formally sought rescheduling through the Paris Club during this period.