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Lord Livermore (Lab)

Speaking in the House of Lords on 17 July 2025

Debate

Tackling Unsustainable Debt

Contribution

The noble Baroness is correct in saying that debt sustainability is the primary responsibility of borrowing countries, but I think lending countries such as the UK also have an important role to play in supporting these efforts through providing capacity-building support, following best practice in sustainable lending and pressing for reform of internationally agreed frameworks on assessing debt sustainability. In line with the UK’s commitment to the OECD sustainable lending practices, the UK considers debt sustainability when providing financing, particularly in cases of lending to countries deemed at high risk of debt distress.

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