§ Mr. Simon ThomasTo ask the Secretary of State for Trade and Industry what proportion of the guarantee put up by the ECGD for investment in the power generating sector(a) was used fully, (b) was recovered by the ECGD, (c) is still owed to the ECGD and (d) is counted as foreign debt; and which countries have had that debt in each year since 1992–93. [63096]
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§ Ms HewittThe following table lists for financial years 1992–93 onwards; the countries where ECGD has supported projects recorded in the civil power and civil energy sectors, the original value of the guarantee(s), the amount of those guarantee(s) still at risk, and claims outstanding in respect of those projects. Amounts at risk are not owing to ECGD but represent amounts which have not yet fallen due for payment.
468W
£ million Country Guarantee amount Residual amount at risk 31 March 2002 Claims outstanding 31 March 2002 1992–93 China 34.7 7.8 — Greece 67.3 0 — Hong Kong 895.5 281 — India 101.6 30.8 — Indonesia 2.3 0 — South Africa 7.7 0 — Turkey 2.5 0 — 1993–94 Bangladesh 3 0 — Canada 3 0 — China 38.9 12.9 — Dubai 8 0 — Germany 11.7 0 — Hong Kong 314.2 0 — India 87.4 23.6 — Indonesia 92 33.7 12.4 Lesotho 7.8 3.8 — Morocco 31.6 5.3 — Oman 69.5 0 — Pakistan 6 0 — Singapore 181.8 35.2 — United States 11.6 0 — 1994–95 Argentina 7 0 — Canada 5.1 0 — China 15.3 1.6 — Ghana 2.9 0 — Hong Kong 23.4 0 — India 142.4 58.5 — Indonesia 83.3 60.5 — Lebanon 52.7 21.1 — Oman 29.6 11.4 — Saint Kitts and Nevis 0.7 0 — Singapore 29.6 7.9 — South Africa 0 0 — Thailand 17.1 11.7 — Turkey 3.6 0 — 1995–96 China 196.4 0 — India 63.4 30.2 — Indonesia 112.6 26.7 5.8 Japan 4.4 0 — Lebanon 7.2 0 — Lesotho 7.2 0 — Philippines 444.6 376.5 — 1996–97 China 143.7 2.4 — Hong Kong 2.4 0 — India 78.7 0.8 — Lesotho 1.4 0 — Oman 40.3 0 — Pakistan 0.3 0 — Qatar 199.2 184.2 — Romania 0.5 0 — Turkey 48.9 45.3 — 1997–98 Brazil 71.8 35.9 — India 0 0 — Indonesia 60.2 40.1 3.4 Lebanon 17 3.7 — Oman 521.6 0 — Romania 0.1 0 —
£ million Country Guarantee amount Residual amount at risk 31 March 2002 Claims outstanding 31 March 2002 Russian Federation 43.2 31.3 — South Africa 57.5 4.7 — Thailand 6.4 1 — Zimbabwe 8.5 5.7 1.5 1998–99 Anguilla 1 0.3 — Brazil 65 27.3 — China 421.3 412.7 — Columbia 34.2 26 — Cyprus 7.4 1.3 — India 22.9 20.6 — Malaysia 0 18.6 — Mexico 14.7 8.1 — Saint Kitts and Nevis 8.7 5.4 — Turkey 25 15 — United Arab Emirates 7.7 0 — Venezuela 52.3 50.3 — 1999–2000 Hong Kong 12.4 11.3 — India 96.6 41.5 — Malaysia 773.1 718.7 — Mexico 101.5 62.7 — Philippines 83.3 76.7 — Taiwan 136.7 136.7 — Vietnam 23.8 23.8 — 2000–01 Bangladesh 7.9 5.7 — China 1.4 1.4 — Dominican Republic 24.5 24.5 — Mexico 8.9 7.3 — Taiwan 17.6 17.6 — Thailand 3.6 3.6 — Turkey 67.3 63.7 —
§ Dr. CableTo ask the Secretary of State for Trade and Industry what work is being carried out by(a) the Government and (b) external organisations on behalf of the Government concerning the Export Credits Guarantee Department that quantifies the value of contracts entered into by the ECGD on (i) an option pricing approach and (ii) a pricing model using the approach commonly used to price credit derivatives. [66552]
§ Ms Hewitt[holding answer 3 July 2002]: With a view to following best practice, ECGD reviews regularly its approach to measuring, modelling and pricing risk, with advice from external organisations where appropriate, but has no plans to engage in work corresponding to the areas specified in the question.