Debt relief in low-income countries

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% … Show more

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 countries Show less