Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether he has had recent discussions with international counterparts on a strategy to reduce debt in low-income countries.

As the Government’s lead on sovereign debt issues, HM Treasury maintains regular engagement with its international counterparts – including the IMF, World Bank, and other G7 and G20 members – to address debt vulnerabilities in low-income countries. Discussions take place bilaterally and in the relevant fora, including G7 and G20 meetings, and the Global Sovereign Debt Roundtable.

For countries facing unmanageable debt burdens, the UK also coordinates with other official creditors to provide debt restructurings when needed – both at the Paris Club or as part of the G20 Common Framework.