Advanced

PARLIAMENTARY WRITTEN QUESTION
(13 November 2024)

Question Asked

To ask the Chancellor of the Exchequer, if she will amend the Debt Relief (Developing Countries) Act 2010 to make private sector loans to Global South countries (a) lawful and (b) transparent.

Asked by:
Steve Race (Labour)

Answer

The UK is a strong advocate for sustainable lending and enhancing debt transparency, including across the private sector. In this regard, we firmly support the Principles for Debt Transparency published by the Institute for International Finance (IIF), which applies to loans.

The UK continues to engage closely with the private sector and other relevant stakeholders through international fora, such as the Global Sovereign Debt Roundtable, to promote the importance of transparency across the debt architecture, and to explore ways to build on existing efforts.


Answered by:
()

1 January 1970            

        

            
                            
                            
                        

                    


                                    

                    

                        

                    

                

            
                    

                                    

                

                    
Contains Parliamentary information licensed under the Open Parliament Licence v3.0.