B

Baroness Chapman of Darlington (Lab)

Speaking in the House of Lords on 4 November 2025

Debate

Official Development Assistance

Contribution

The private sector has an enormous role to play, and we have a responsibility to enable that to happen in a far larger way than it has in the past. I am leading an emerging markets and developing economies task force with the City of London; we have big players around the table, including the ratings agencies, HSBC and Aviva. We are seeing real success in breaking down the barriers to get that investment into developing economies. The noble Lord is right to raise the issue of debt. Some countries spend far more on debt repayment than they do on health and education public services. That is not sustainable and we need a solution. Various options are available, and we support all of them to find which are most appropriate for the different nature of debt, to which the noble Lord alluded, in 2025.

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