Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if she will amend the Debt Relief (Developing Countries) Act 2010 to make private sector loans to Global South countries (a) lawful and (b) transparent.

The UK is a strong advocate for sustainable lending and enhancing debt transparency, including across the private sector. In this regard, we firmly support the Principles for Debt Transparency published by the Institute for International Finance (IIF), which applies to loans.

The UK continues to engage closely with the private sector and other relevant stakeholders through international fora, such as the Global Sovereign Debt Roundtable, to promote the importance of transparency across the debt architecture, and to explore ways to build on existing efforts.