Africa: Support Debate
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Baroness Sheehan
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Africa: Support
Baroness Sheehan Excerpts(4 years, 7 months ago)
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Baroness Sugg
I assure the noble Lord that we will absolutely take into account the economic and supply chain impacts on the developing world. We have pre-meetings ahead of the G7 where that discussion is already happening, and I am sure it will be on the agenda for the summit.
Baroness Sheehan (LD)
My Lords, aid to developing countries is dwarfed by massive debt repayments to rich countries. Other than the G20’s decision to temporarily suspend debt payments, what further measures are being considered to alleviate the crippling debt so that health systems can be strengthened?
Baroness Sugg
My Lords, the noble Baroness refers to the suspension of debt repayments, which we argued for with the G20 and the Paris Club. I have already mentioned the £150 million going to the International Monetary Fund for catastrophe containment. We are also working closely with the private sector to see what we can do there and providing advice to developing countries on how best to respond to the economic impact of Covid-19.