Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment he has made of how much of the UK’s contribution to the G20 Debt Service Suspension Initiative has been used by donor countries to pay interest or principal on debt to private creditors.

The G20 Debt Service Suspension Initiative (DSSI) enables any country that is IDA-eligible or on the UN’s list of Least Developed Countries to suspend debt service payments to its official bilateral creditors.

Beneficiary countries must commit the proceeds of the initiative to social, health or economic spending in response to the Covid-19 crisis. This will be monitored by the IMF and World Bank.^[1]

[1] https://www.worldbank.org/en/topic/debt/brief/debt-service-suspension-initiative-qas