Africa: Debts

(asked on 13th September 2023) - View Source

Question to the Foreign, Commonwealth & Development Office:

To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, what assessment he has made of the implications for his policies of the joint statement by African faith leaders on 8 August 2023 on reducing debt in African countries.


Answered by
Andrew Mitchell Portrait
Andrew Mitchell
Minister of State (Foreign, Commonwealth and Development Office) (Minister for Development)
This question was answered on 22nd September 2023

The UK Government notes the statement by African Faith Leaders. We are working to ensure swift progress and effective implementation of debt treatments and are working to deliver a long-term, sustainable approach to dealing with debt restructurings through the Common Framework. The UK is leading improvements to the global debt architecture and is supporting efforts to find coordinated solutions on debt including through the Global Sovereign Debt Roundtable. During the pandemic, the UK supported the G20 Debt Service Suspension Initiative and contributed £150 million to the International Monetary Fund (IMF) Catastrophe Containment and Relief Trust to provide debt relief.

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