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World Economy

Asked by Mr Gregory CampbellDemocratic Unionist PartyTreasuryTabled Answered 4 February 2025UIN 27510

The question

To ask the Chancellor of the Exchequer, with reference to the Answer of 12 December 2023 to Question 5762 on World Economy, what recent discussions she has had with international partners on strengthening the international debt architecture.

Answered by Emma Reynolds

The Government is committed to tackling unsustainable debt and the Chancellor has called for international partners to work together on this, including through enhancing debt transparency and promoting adoption of Climate Resilient Debt Clauses (CRDCs). HM Treasury continues to engage regularly with international partners, including the IMF, World Bank, borrower countries, other official creditors, private sector, and civil society organisations, on strengthening the international debt architecture. These discussions take place through various international fora, including the G7, G20, Paris Club and the Global Sovereign Debt Roundtable.

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