§ Mr. StreeterTo ask the Secretary of State for International Development if she will list(a) each country that had received 100 per cent. debt relief from Her Majesty's Government by 23 May and (b) how much aid has been cancelled in each case. [124059]
§ Clare ShortThe Government announced in December 1999 that they will provide 100 per cent. relief for qualifying HIPC countries on their remaining debts owed to the ECGD. Aid debts have already been cancelled. This relief will be available, on a conditional basis, from Decision Point until Completion Point, when it will become irrevocable. By 23 May, Uganda, Bolivia, Mauritania, Tanzania and Mozambique had reached their Decision Point under the revised HIPC framework, and so qualified for full relief on their debts to ECGD.
91WThe amount of debt that will be relieved under the 100 per cent. policy for each country will not be known until it reaches Completion Point. So far, only Uganda has reached Completion Point, and all of its remaining ECGD debt will be cancelled under the HIPC framework.
This assistance is additional to the aid provided under our existing bilateral programmes with HIPC countries.