Developing Countries: Debts
Commons · Question 68645 · Tabled 16 Jul 2025 · Treasury · Official record
Answered 23 Jul 2025
Question
Asked by Ben Maguire
To ask the Chancellor of the Exchequer, whether her Department plans to work with (a) The Catholic Agency for Overseas Development and (b) other relevant charities to help reduce the high interest public debt owed by certain developing countries.
Answer
Answered by Emma Reynolds, 23 Jul 2025
The UK is concerned by impacts of the high debt servicing costs faced by developing countries. We fully support the World Bank and IMF’s ‘three pillars’ approach to countries facing liquidity (i.e. short-term payment) challenges. Enhanced transparency wil...