Written Question·Treasury·UIN 68644

Developing Countries: Debts

Tabled: 16 July 2025

Answered: 23 July 2025

Question

Ben Maguire

To ask the Chancellor of the Exchequer, if her Department will make an assessment of the potential impact of high interest public debt obligations owed by developing nations to UK private creditors on the public finances of those developing nations.

Answer

Emma Reynolds

The UK is concerned by impacts of the high debt servicing costs faced by developing countries. We fully support the World Bank and IMF’s ‘three pillars’ approach to countries facing liquidity (i.e. short-term payment) challenges. Enhanced transparency wil...

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