§ Mr. CousinsTo ask the Secretary of State for Trade and Industry if he will list the ECGD payments rescheduled with Indonesia since 1 May 1997; what was the size of such rescheduling; and whether any payments rescheduled related to exports of defence and security equipment and services. [92231]
§ Mr. WilsonIndonesia's official creditors agreed in September 1998 to reschedule certain sovereign debt payments falling due between 6 August 1998 and 31 March 2000. The debt to be rescheduled relates to principal payments in respect of contracts entered into prior to 1 July 1997. Indonesia continues to maintain interest payments on this debt. ECGD expects to reschedule over 200 separate payments totalling around £260 million over the period, 75 per cent. of which is in respect of defence business.