Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what steps he is taking to encourage countries at risk of debt distress to engage in the G20 Common Framework; and if she will make a statement.

The Common Framework was agreed in November 2020 by the UK, along with the G20 and Paris Club, to help deliver a long-term, sustainable approach for supporting low-income countries to tackle their debt vulnerabilities. It considers debt treatments on a case-by-case basis and is driven by requests from eligible debtor countries. If countries are facing significant debt vulnerabilities, they can – if eligible – request a treatment under the Common Framework.

In its February 2022 communique, the G20 reiterated its commitment to step up efforts to implement the Common Framework in a timely, orderly and coordinated manner. Our priority is to work with our G20 partners to implement the Framework for those who have requested it and to support new countries who come forward.