Sierra Leone: Debts

Department for International Development written question – answered on 6th June 2019.

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Photo of Helen Goodman Helen Goodman Shadow Minister (Foreign and Commonwealth Affairs)

To ask the Secretary of State for International Development, what assessment he has made of the potential merits of providing aid to Sierra Leone to offset the interest payments on that country’s debt.

Photo of Harriett Baldwin Harriett Baldwin Minister of State (Department for International Development) (Jointly with the Foreign and Commonwealth Office), Minister of State (Foreign and Commonwealth Office) (Joint with the Department for International Development)

The UK is working with the Government of Sierra Leone to create a more prosperous and inclusive country. This includes support to increase revenue generation and improve public financial management to address their debt position.

Sierra Leone is not currently in debt distress, although it is at high risk. There is an existing process through multilateral fora which countries can follow if they wish to pursue debt relief.

In the last 6 months, the UK has actively supported decisions taken by the IMF and the World Bank to provide additional financial support packages for Sierra Leone. Our contributions to the EU and African Development Bank are also supporting the Government of Sierra Leone to finance their development needs.

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