PARLIAMENTARY WRITTEN QUESTION
(2 December 2024)

To ask the Chancellor of the Exchequer, pursuant to the Answer of 22 November 2024 to Question 14217 on Loans: Developing Countries, how many loan commitments have been published under the Principles for Debt Transparency since June 2023; and if she will take steps to ensure that the (a) existence and (b) details of loans to governments by private lenders are published.

Asked by:
Steve Race (Labour)

The UK is a strong advocate for enhancing debt transparency, including for private sector debt. We have supported the Institute of International Finance (IIF) and the OECD Debt Transparency Initiative, set up in 2021, and the IIF’s Voluntary Principles for Debt Transparency, which underpinned it. The UK has taken a lead in ensuring its own lending is transparent and meets G20 best practice, publishing details of all new direct lending quarterly and the stock of debt owed to the UK annually.

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 and to explore ways to build on and improve existing efforts.

Answered by:
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1 January 1970