Developing Countries: Loans

Department for International Development written question – answered on 5th August 2019.

Alert me about debates like this

Photo of Anneliese Dodds Anneliese Dodds Shadow Minister (Treasury)

To ask the Secretary of State for International Development, what proportion of UK aid to developing countries goes towards loan repayments.

Photo of Andrew Stephenson Andrew Stephenson Assistant Whip, Minister of State (Foreign and Commonwealth Office) (Joint with the Department for International Development)

The Multilateral Debt Relief Initiative (MDRI) provides full relief on eligible debt owed by countries which have reached Completion Point of the Heavily Indebted Poor Countries Initiative, to the International Monetary Fund (IMF), the International Development Association (IDA) of the World Bank, and the African Development Fund (AfDF) of the African Development Bank. The UK contributed £107 million to the MDRI in 2017 and this is all official development assistance (ODA).

When necessary, the UK also provides relief on loans made bilaterally by the Export Credit Guarantee Department (ECGD) to developing countries, through the coordinated process of the Paris Club of creditors. In 2017 the UK provided £3 million of ODA as such debt relief on ECGD loans.

Therefore in 2017 the total UK debt relief, through the MDRI and bilaterally, represented 0.78% of total UK ODA in 2017.

Does this answer the above question?

Yes0 people think so

No0 people think not

Would you like to ask a question like this yourself? Use our Freedom of Information site.