Written Question·Treasury·UIN 68645

Developing Countries: Debts

Tabled: 16 July 2025
Answered: 23 July 2025

Question

Ben Maguire

Liberal DemocratNorth Cornwall

To ask the Chancellor of the Exchequer, whether her Department plans to work with (a) The Catholic Agency for Overseas Development and (b) other relevant charities to help reduce the high interest public debt owed by certain developing countries.

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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