§ Dr. TongeTo ask the Secretary of State for International Development what the value is of bilateral debt repayments to the United Kingdom for(a) 2000–01 and (b) 2001–02, broken down by each of the HIPC eligible countries. [53791]
§ Clare ShortThe value of bilateral debt repayment to the UK by the Heavily Indebted Poor Countries is £11.603 million for 2000–01 and £19.575 million for 2001–02. These figures relate to old rescheduled debt owed to ECGD from the 1970s and 1980s; details are set out, by HIPC country, and by financial year, in the table. There were no repayments on aid loans to the UK, as we have already cancelled our aid debts to all the poorest countries, not just HIPCs.
12WThe Government provide 100 per cent. relief on their bilateral debt to HIPC countries once they qualify for debt relief under the HIPC initiative.
Amount of debt repayment received by ECGD from HIPCs Recoveries £ million HIPC country 2000–01 2001–02 Angola — — Benin1 0.146 0.051 Bolivia1 0.872 0.409 Burkina Faso1 0.066 0.061 Cameroon1 1.421 0.363 Central African Republic 0.010 — Congo — — Cote d'Ivoire — — Democratic Republic of Congo — — Ethiopia1 0.526 — Ghana1 0.705 — Guinea Republic1 0.185 0.012 Guyana 3.026 1.228 Kenya — 14.942 Liberia — — Madagascar1 — — Malawi1 0.114 — Mali1 0.240 0.095 Mauritania1 0.005 0.009 Mozambique1 — — Nicaragua1 — — Niger1 — — Senegal1 0.013 0.176 Sierra Leone1 — — Somalia — — Sudan — — Tanzania1 — 0.387 Togo — — Uganda1 0.465 — Vietnam 0.749 0.699 Yemen1 0.213 0.186 Zambia1 2.847 0.957 Total 11.603 19,575 1 Have now passed Decision Point. Note:
When HIPCs reach their Decision Points they are no longer required to service their debt—with a commitment to full write-off, eg Bolivia, Uganda, Mozambique and Tanzania.
§ Dr. TongeTo ask the Secretary of State for International Development which countries she expects to reach decision point under the HIPC initiative in(a) 2002 and (b) 2003. [53790]
§ Clare ShortSo far this year, Ghana and Sierra Leone have reached their decision point under the enhanced Heavily Indebted Poor Countries (HIPC) Initiative, bringing the total to 26 out of a total of 42 HIPCs. We hope that, by autumn, Cote d'Ivoire will be added to the list of countries benefiting from the Initiative. In 2003, three countries (Comoros, Central African Republic and Democratic Republic of Congo) may qualify for HIPC relief. The prospects for the remaining eight unsustainable countries are not good. Six—Burundi, Congo Republic, Liberia, Myanmar, Somalia and Sudan—are still affected by conflict; Togo has governance problems; and Lao PDR is undecided as to whether to opt for HIPC relief. Angola, Kenya, Vietnam and Yemen already have sustainable debt burdens.
13W
§ Dr. TongeTo ask the Secretary of State for International Development what the value was of payments made by the United Kingdom towards the HIPC Trust Fund to contribute towards multilateral debt relief for(a) 2000–01 and (b) 2001–02. [53786]
§ Clare ShortThe total UK pledge to the Heavily Indebted Poor Countries (HIPC) Debt Initiative Trust Fund, which is funded by the Department for International Development, is US$306 million, including our US$85 million share of the EC contribution. In 2000–01, DFID paid US$40 million to the HIPC Trust Fund, and in 2001–02 DFID paid US$33.7 million. The UK contribution is paid on an as-needed basis on request by the International Development Association (IDA), which is administering the Fund.
§ Dr. TongeTo ask the Secretary of State for International Development (1) if she will list the multilateral institutions which received payments from the HIPC Trust Fund to cover their provision of debt relief broken down by(a) amount received and (b) country; [53787]
(2) which countries had financial assistance from a multilateral debt fund in the financial years (a) 2000–01 and (b) 2001–02; and how much they received. [53788]
§ Clare ShortThe Heavily Indebted Poor Countries (HIPC) Debt Initiative Trust Fund makes payments to multilateral creditors to enable them to meet their shares of the costs of providing debt relief to eligible HIPC countries. The Trust Fund is administered by the International Development Association (IDA), which holds the details of information sought. I will write to the hon. Member with further information shortly.
§ Dr. TongeTo ask the Secretary of State for International Development how much of the bilateral debt owed to the United Kingdom by each of the HIPC eligible countries(a) has been written off and (b) is outstanding, broken down by country. [53789]
§ Clare ShortThe total outstanding bilateral debt owed to the UK by the Heavily Indebted Poor Countries (HIPC) is £1.529 billion; the amount written off is £0.703 billion. Most of this relates to old rescheduled debt owed to ECGD from the 1970s and 1980s; details are set out, by HIPC country, in table 1. The outstanding debt figure includes £53 million of aid loans which have already been cancelled but are still in DFID's accounts, as payments are written off as they become due; details are set out, by HIPC country, in table 2.
The Government provide 100 per cent. relief on their bilateral debt to HIPC countries once they qualify for debt relief under the HIPC initiative.
14W
Table 1: Amount of ECGD debt outstanding and written-off to date for HIPCs £ million HIPC Country Amount of debt outstanding Amount of debt written-off Angola 131.0 — Benin1 2.6 5.9 Bolivia1 — 53.2 Burkina Faso1 1.1 1.1 Cameroon1 50.9 38.0 Central African Republic 0.4 0.3 Congo 149.0 — Cote D'Ivoire 33.2 6.5
Table 1: Amount of ECGD debt outstanding and written-off to date for HIPCs £ million HIPC Country Amount of debt outstanding Amount of debt written-off Democratic Republic of Congo 165.0 — Ethiopi1 12.6 5.1 Ghana1,2 150.0 — Guinea Republic1 3.7 1.3 Guyana1 33.0 90.0 Kenya 44.3 — Liberia 18.0 — Madagascar1 25.0 3.6 Malawi1 25.0 3.6 Mali1 3.0 8.9 Mauritania1 5.9 3.0 Mozambique1 — 105.6 Nicaragua1 1.1 1.1 Niger1 9.5 5.3 Senegal1 1.5 1.9 Sierra Leone1 5.0 0.6 Somalia 29.0 — Sudan 361.4 — Tanzania1 — 232.1 Togo 15.7 4.5 Uganda1 — 23.5 Vietnam 8.9 12.0 Yemen1 2.3 6.4 Zambia1 212.0 84.3 Total 1,475.5 694.5 1 Have now passed Decision Point. 2The amount shown is ECGD's exposure some of which shall shortly be restructured/reduced. Note:
Total amount outstanding column includes principal outstanding together with any arrears of interest.
15W
Table 2: Amount of aid loans outstanding and written-off for HIPC countries £ Country Balance at 1 April 2001 Written off 2001–02 Balance at 1 April 2002 Angola 0 0 0 Benin, People's Republic 0 0 0 Burkina Faso 0 0 0 Burundi 0 0 0 Cameroon 0 0 0 Central African Republic 0 0 0 Chad 0 0 0 Congo, People's Republic 0 0 0 Ethiopia 0 0 0 Ghana 6,071,475 1,667,600 4,403,875 Guinea 0 0 0 Guinea-Bissau 0 0 0 Cote d'Ivoire 1,684,482 213,126 1,471,356 Kenya 0 0 0 Liberia 0 0 0 Madagascar 0 0 0 Malawi 96,000 76,000 20,000 Mali 0 0 0 Mauritania 0 0 0 Mozambique 907,704 695,721 211,983 Niger 0 0 0 Rwanda 0 0 0 Sao Tome and Principe 0 0 0 Senegal 160,330 56,000 104,330 Sierra Leone 0 0 0 Somali Democratic Republic 0 0 0 Sudan 0 0 0 Tanzania 0 0 0 Togo 0 0 0 Uganda 0 0 0 Congo, Democratic Republic 0 0 0 Zambia 28,210,920 2,549,200 25,661,720 Bolivia 0 0 0 Guyanas 23,690,803 3,374,420 20,316,383
Table 2: Amount of aid loans outstanding and written-off for HIPC countries £ Country Balance at 1 April 2001 Written off 2001–02 Balance at 1 April 2002 Honduras 1,164,476 324,476 840,000 Nicaragua 398,200 0 398,200 Burma 0 0 0 Laos 0 0 0 Vietnam 0 0 0 Yemen, Republic of1 0 0 0 Yemen, People's Democratic Republic 0 0 0 Myanmar 0 0 0 Vietnam—Hanoi 0 0 0 Vietnam—Ho Chi Minh City 0 0 0 Total 62,384,390 8,956,543 53,427,847 1 YAR to May 1990