Thank you for contacting me about UK efforts to provide debt-relief in low-income countries and the International Development Committee’s (IDC) recently published report on this topic.
The Government has responded to the IDC's recent report, including its recommendation to consult on the introduction of legislation to compel or incentivise participation of private creditors in the Common Framework. As explained in the report, multilateral international finance institutions remain the core source of external finance for low-income countries. The UK is a member of the World Bank Group, International Monetary Fund (IMF), and six regional development banks that lend to developing countries.
Continued on PDF.