Question to the Department for International Trade:
To ask the Secretary of State for International Trade, whether her Department conducted an independent assessment of the effect of UK Export Finance's support for Total's LNG Project in Mozambique on poverty reduction.
As Mozambique is progressively emerging from debt distress, UK Export Finance (UKEF) support is subject to meeting the Organisation for Economic Co-operation and Development (OECD) Sustainable Lending Principles, which include a consideration of the economic and social development benefits of the Project to Mozambique. The Department for International Development provided confirmation that these benefits would be met by the Project.
The Project is directly supported by the African Development Bank. The World Bank and IMF are supportive of the Project. All three of these organisations are leading international financing institutions with developmental mandates and goals.