Debt

Treasury written question – answered on 16th January 2007.

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Photo of Ann McKechin Ann McKechin Labour, Glasgow North

To ask the Chancellor of the Exchequer how much debt is owed by (a) low and (b) lower middle income country Governments to the UK through (i) the Export Credits Guarantee Department, including debts that have been rescheduled after Paris Club agreements and (ii) HM Treasury, broken down by country.

Photo of Edward Balls Edward Balls The Economic Secretary to the Treasury

The following table sets out ECGD claims balances, including debts that have been rescheduled in the Paris Club for low and lower middle income countries as at end November 2006. These debts arose from defaulted exported contracts that were insured or guaranteed by ECGD. There are no debts outstanding specifically to the Treasury.

Income category/market Total (£ million)
Low income
Burma 23
Congo, Democratic People's Republic of 89
Cote D'Ivoire 18
Guinea 4
Kenya 20
Korea, Democratic Peoples Republic of 6
Liberia 22
Pakistan 6
Sierra Leone 3
Somalia 27
Sudan 578
Togo 23
Vietnam 9
Zimbabwe 103
Lower middle income
Angola 134
Bosnia and Herzegovina 1
Congo 188
Cuba 130
Ecuador 44
Egypt 145
Indonesia 765
Iran (Islamic Republic of) 29
Iraq 530
Jordan 352
Macedonia 2
Morocco 5
Peru 55
Philippines 1
Serbia and Montenegro 174

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