Seventh Report - Debt relief in low-income countries
- HC No.
- HC 146
- Published
- 10 Mar 2023
- Items
- 0
- Response
- Response document linked Read government response ↗
Select Committee · International Development Committee
Debt relief in low-income countries
Status: Closed
Opened: 20 Apr 2022
Closed: 8 Jun 2023
1 report
Inquiry scope
Report and Government response published In our report, Debt relief in low-income countries, MPs say the situation is ‘bleak’. Without sustained and effective intervention by the international community to tackle their debt distress, the development impacts of spiralling debt could have a ‘catastrophic’ impact. Cuts to the UK’s Official Development Assistance from 0.7% to 0.5% has significantly reduced its ability to support the development of low-income countries, making every penny spent by the UK on ODA count. The Committee called on the Government to acknowledge the interplay between debt and development in foreign policy, such as the next International Development Strategy and the forthcoming updated Integrated Review. Read the Report: Debt relief in low-income countries Read the Government response: Debt relief in low-income countriesReports
Oral evidence sessions
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| Date | Session and witnesses | Source |
|---|---|---|
| 1 Nov 2022 |
Debt relief in low-income countries
Edward Wilson · HM Treasury,
Rachel Turner · Foreign, Commonwealth & Development Office,
Veda Poon · HM Treasury
|
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| 14 Jun 2022 |
Debt relief in low-income countries
Dr Stephanie Blankenburg · United Nations Conference on Trade and Development,
Jason R Braganza · African Forum on Debt and Development,
Mae Buenaventura · Asian Peoples’ Movement on Debt and Development,
Mr Tim Jones · Debt Justice,
Paul Steele · International Institute for Environment and Development,
Sonja Gibbs · Institute of International Finance
|
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Who gave evidence
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| Witness | Organisation | Sessions |
|---|---|---|
| Dr Stephanie Blankenburg · Head of the Debt & Development Finance Branch | United Nations Conference on Trade and Development | 1 |
| Edward Wilson · Head of the International Debt and Development Finance Unit | HM Treasury | 1 |
| Jason R Braganza · Executive Director | African Forum on Debt and Development | 1 |
| Mae Buenaventura · Debt Justice Program Manager | Asian Peoples’ Movement on Debt and Development | 1 |
| Mr Tim Jones · Head of Policy | Debt Justice | 1 |
| Paul Steele · Chief Economist | International Institute for Environment and Development | 1 |
| Rachel Turner · Director for International Finance | Foreign, Commonwealth & Development Office | 1 |
| Sonja Gibbs · Managing Director and Head of Sustainable Finance | Institute of International Finance | 1 |
| Veda Poon · Director of International Finance | HM Treasury | 1 |