§ Mr. StreeterTo ask the Secretary of State for Trade and Industry how much debt service he estimates will be received from each of the heavily-indebted poor countries in the financial years(a) 1999–2000 and (b) 2000–01. [105745]
§ Mr. CabornThe UK has debt agreements with 32 heavily indebted poor countries (HIPCs). The table shows payments due to ECGD under these agreements together with an estimate of amounts likely to be received by the end of each year, assuming the schedules remain unchanged. However a number of these HIPCs will benefit from further debt reduction and rescheduling in the current year under the enhanced HIPC Initiative. This provides for up to 90 per cent. debt reduction multilaterally, or more in the case of need. Additionally some will benefit from the Chancellor's recent announcement that the UK will unilaterally write off 100 per cent. of the debt in certain circumstances. The extent of further debt reduction and the timing thereof for each country depends on a number of factors. Consequently it is not yet possible to gauge with any accuracy the effect on the current estimates.
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Estimate of receipts from HIPCs 1999–2000 and 2000–01 (assuming current debt agreements remain unchanged) £ million Country Amount due 1999–2000 Estimate of receipts by 31 March 2000 Amount due 2000–01 Estimate of receipts by 31 March 2001 Angola 10.373 nil 10.373 nil Benin 0.180 0.180 0.169 0.169 Bolivia 0.803 0.627 0.502 0.502 Burkina Faso 0.059 0.059 0.037 0.020 C.A.R. 0.069 nil 0.011 nil Cameroon 1.414 1.414 2.379 2.379
Estimate of receipts from HIPCs 1999–2000 and 2000–01 (assuming current debt agreements remain unchanged) £ million Country Amount due 1999–2000 Estimate of receipts by 31 March 2000 Amount due 2000–01 Estimate of receipts by 31 March 2001 Congo Republic 14.447 nil 10.165 nil Congo D.R. 11.753 nil 11.753 nil Cote d'Ivoire 2.619 0.068 0.087 0.087 Ethiopia 0.478 0.478 0.429 0.429 Ghana 1.434 0.721 0.722 0.722 Guinea Republic 0.673 0.103 0.613 0.613 Guyana 2.476 1.607 1.548 1.548 Kenya 11.770 6.850 13.108 13.108 Liberia nil nil nil nil Madagascar 0.263 0.263 1.290 1.290 Malawi 0.117 0.117 0.100 0.100 Mali 0.638 nil 0.657 nil Mauritania 0.638 nil 0.638 nil Mozambique 11.176 nil 12.159 12.159 Nicaragua 0.031 nil 0.007 0.007 Senegal 0.015 0.015 0.403 0.403 Sierra Leone 0.128 nil 0.135 0.135 Somali Republic 0.456 nil 0.456 nil Sudan 11.253 nil 10.566 10.566 Tanzania 1.732 1.732 11.999 11.999 Togo 2.042 nil 2.245 nil Uganda 0.291 0.291 0.291 0.291 Vietnam 0.318 0.318 0.232 0.232 Yemen 0.189 0.189 0.118 0.118 Zambia 0.885 0.868 1.031 1.031 Note:
With the exception of Nicaragua for whom a Moratorium was agreed `nil' is shown where countries have not been servicing debt. Liberia's final payment date was in 1998 therefore no payments are scheduled. However they have not paid for many years and there are arrears of some £15.7 million.
§ Mr. StreeterTo ask the Secretary of State for Trade and Industry how much total bilateral debt service was received by Her Majesty's Government from each of the heavily-indebted poor countries in the financial year 1998–99. [105738]
§ Mr. Caborn[holding answer 20 January 2000]: In the financial year 1998–99 a total of £39.628 million was received from heavily-indebted poor countries under bilateral debt agreements. The table shows a country by country breakdown.
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Receipts from HIPCS in 1998–99 under bilateral debt agreements £ million Country Amounts received 1998–99 Angola nil Benin 0.216 Bolivia 1.083 Burkina Faso 0.081 C.A.R. nil Cameroon 1.858 Congo Republic nil Congo D.R. nil Cote d'Ivoire 0.268 Ethiopia 0.564
Receipts from HIPCS in 1998–99 under bilateral debt agreements £ million Country Amounts received 1998–99 Ghana 1.397 Guinea Republic 0.154 Guyana 3.438 Kenya 11.537 Liberia nil Madagascar 0.464 Malawi 0.086 Mali 0.270 Mauritania 0.321 Mozambique nil Nicaragua 0.039 Senegal 0.020 Sierra Leone nil Somalia Republic nil Sudan nil Tanzania 9.806 Togo 0.161 Uganda 0.275 Vietnam 0.851 Yemen 3.491 Zambia 3.248 Note:
Where 'nil' is shown the countries have not been servicing this debt.