Export Credit Guarantees: Sudan

Business, Innovation and Skills written question – answered on 17th January 2011.

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Photo of Lisa Nandy Lisa Nandy Labour, Wigan

To ask the Secretary of State for Business, Innovation and Skills what (a) interest and (b) charges are added to the debt owed by Sudan to the Export Credits Guarantee Department.

Photo of Mark Prisk Mark Prisk The Minister of State, Department for Business, Innovation and Skills

Sudan's external debts were rescheduled under four bilateral debt agreements between 1979 and 1984. No payments have been received since May 1984. The total interest that has accrued up to 31 December 2010 on the defaulted amount of £173 million is £491 million.

Sudan is a heavily indebted poor country (HIPC) and it is the Government's policy not to seek payment of debts owed by HIPCs.

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