Developing Countries: Debts Written Off

HM Treasury written question – answered at on 26 March 2015.

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Photo of Baroness Tonge Baroness Tonge Independent Liberal Democrat

To ask Her Majesty’s Government what representations they have made to the International Monetary Fund regarding the cancellation of debts of countries affected by infectious disease epidemics.

Photo of Lord Deighton Lord Deighton The Commercial Secretary to the Treasury

The UK has played a leading role in the launch of the IMF’s new Catastrophe Containment and Relief Trust earlier this year, and was the first country to publicly contribute to this. The Trust’s first role will be to provide grant aid that will be used for relief on debt service payments to the IMF for the three countries most affected by the Ebola epidemic: Guinea, Liberia, and Sierra Leone.”

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