New Clause 1

Part of Debt Relief (Developing Countries) Bill – in a Public Bill Committee at 11:00 am on 9th March 2010.

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Treasury duty to report on impacts

‘The Treasury shall within 12 months of the commencement of this Act publish and lay before Parliament a report setting out its assessment of the following matters—

(a) the impact of the Act on the availability and cost of lending to countries to which the Initiative applies,

(b) the impact of the Act on the availability and cost of lending to other developing countries including potentially eligible initiative countries,

(c) the monetised value of the transfer from creditors to debtors as a consequence of the Act, and

(d) the impact of the Act in determining the choice of law or choice of jurisdiction for financial contracts.’.—(Mr. Gauke.)