Question to the HM Treasury:

To ask His Majesty's Government what steps they are taking to address unsustainable international debt, as set out in the Labour Party Manifesto 2024.

Tackling unsustainable debt is one of the Government’s key international priorities. As a member of the Paris Club and G20, the UK is committed to providing debt treatments through the Paris Club and the G20 Common Framework, for countries that need it. The UK continues to work with our international partners to push for more timely, orderly and predictable restructurings.

We are also committed to tackling the underlying drivers of unsustainable debt, including through enhancing debt sustainability and transparency. The UK is a strong advocate of the G20 Operational Guidelines for Sustainable Financing – we have committed to adhering to these guidelines and call on other countries to do the same.