Chad: Debts Written Off
The question
To ask the Chancellor of the Exchequer, what information her Department holds on how much debt relief Chad has received from external private creditors through the G20 Common Framework for Debt Treatments.
Answered by Darren Jones
Chad agreed a debt treatment with its official bilateral creditors and its main private creditor, Glencore, in November 2022.
According to the International Monetary Fund (IMF), the treatment is consistent with the commitments made by Chad and parameters under its IMF-supported program. This is enabling Chad to restore its debt sustainability, while ensuring protection against the volatility of oil prices through contingent treatment mechanisms.
The UK is not a creditor to Chad.
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