Question to the HM Treasury:

To ask the Chancellor of the Exchequer, with reference to the Seventh Report of the International Development Committee entitled Debt relief in low-income countries published on 10 March 2023, what assessment he has made of the potential merits of that report's recommendations on consulting on the introduction of legislation to compel or incentivise participation of private creditors in the Common Framework.

The government will be responding to the International Development Committee’s recent inquiry into debt-relief in low-income countries in due course, including their recommendation on consulting on the introduction of legislation to compel or incentivise participation of private creditors in the Common Framework. The UK, alongside the G20 and Paris Club, have been clear that private creditors will be expected to participate in the Common Framework on terms at least as favourable as bilateral (i.e. country) creditors.