Debts: Developing Countries — Written Question

Question

Richard Foord

Liberal Democrat — Honiton and Sidmouth

To ask the Chancellor of the Exchequer, whether she is taking steps to ensure that private lenders who arranged to provide money to countries under UK legislation are (a) prevented from suing those countries when they are in debt distress and (b) encourag

Answer

Lucy Rigby

The UK, alongside the G20 and Paris Club, expects private creditors to participate in international debt restructurings on comparable terms.At this stage, the government is not pursuing a legislative approach that would force private sector participation ...

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