Sub-saharan Africa: Debts

(asked on 17th October 2022) - View Source

Question to the Foreign, Commonwealth & Development Office:

To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, what steps he is taking to help countries in sub-Saharan Africa tackle debt.


Answered by
Leo Docherty Portrait
Leo Docherty
Minister of State (Ministry of Defence) (Minister for the Armed Forces)
This question was answered on 25th October 2022

We recognise the significant debt vulnerabilities in many sub-Saharan African countries.

The UK works with the International Financial Institutions to promote debt sustainability and build debt management capacity, including through the African Legal Support Fund.

Where required, the UK participates in debt restructuring and relief. For example, the UK is fully committed to working with the Paris Club and G20 to do this through the G20 Common Framework, including as a member of the creditor committee for Zambia.

We have also provided £150 million to the International Monetary Fund that allowed it to relieve $964 million of its debt to 25 poorer countries.

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