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Reduction Of Debt For Third World Countries

EDM number 1436 in 1994-95, proposed by William Cash on 19/07/1995.

That this House urges Her Majesty's Government to recommend the International Monetary Fund and the World Bank to consider amending their charters and policies so that a measure of staged debt forgiveness be made available to individual Least Developed Countries which are fully implementing International Monetary Fund and World Bank structural reform programmes and which have agreed to further self-imposed stringent conditions to ensure full transparency of government; believes that, in the spirit of the recent G7 discussions in Halifax, these conditions should include the acceptance of residential auditors approved by the International Monetary Fund and the World Bank to conduct a continued monitoring of those countries' economic performance under their duly approved national development plans; notes that Uganda, under the leadership of President Museveni, has met these criteria, and was the first heavily indebted county to have been offered expanded bilateral Trinidad Terms debt forgiveness up from 33 per cent. to 67 per cent. in recognition of the fact that the debt was largely accumulated under pervious Ugandan administrations and during the civil war and has demonstrated its commitment to good governance and on inflation and economic probity; further notes that PresidentMuseveni has agreed to invite external auditors to encourage the International Monetary Fund and the World Bank to make necessary changes to their Charters and policies; and, therefore, urges Her Majesty's Government to consider the initiative now proposed to facilitate long term measures of debt forgiveness from the International Monetary Fund and World Bank to countries like Uganda and to enable them to achieve self-sufficiency. (Relevant registered interest declared)

This motion has been signed by a total of 53 MPs.

Bill Cash19/07/1995StaffordProposed
Ted Rowlands19/07/1995Merthyr Tydfil & RhymneySigned
John Sykes19/07/1995ScarboroughSigned
Hilary Armstrong19/07/1995North West DurhamSigned
Win Griffiths19/07/1995BridgendSigned
Andrew Faulds19/07/1995Warley EastSigned
Nirj Deva19/07/1995Brentford & IsleworthSigned
Malcolm Bruce19/07/1995GordonSigned
James Lester19/07/1995BroxtoweSigned
Piara S Khabra19/07/1995Ealing, SouthallSigned
Simon Hughes19/07/1995Southwark and BermondseySigned
Jimmy Hood19/07/1995ClydesdaleSigned
Tom Clarke19/07/1995Monklands WestSigned
Toby Jessel16/10/1995TwickenhamSigned
Austin Mitchell16/10/1995Great GrimsbySigned
Hugh Bayley16/10/1995York, City ofSigned
Mike Watson16/10/1995Glasgow CentralSigned
Ray Michie17/10/1995Argyll & ButeSigned
Dennis Turner17/10/1995Wolverhampton South EastSigned
Harry Barnes17/10/1995North East DerbyshireSigned
Norman Godman17/10/1995Greenock and Port GlasgowSigned
Maria Fyfe17/10/1995Glasgow, MaryhillSigned
Bill Walker18/10/1995North TaysideSigned
Don Touhig18/10/1995IslwynSigned
Jack Thompson18/10/1995WansbeckSigned
David Atkinson18/10/1995Bournemouth EastSigned
Tom Arnold18/10/1995Hazel GroveSigned
Lawrence Cunliffe18/10/1995LeighSigned
Tom Cox18/10/1995TootingSigned
Eric Martlew18/10/1995CarlisleSigned
John Evans18/10/1995St Helens NorthSigned
Bridget Prentice19/10/1995Lewisham EastSigned
Michael Clapham19/10/1995Barnsley West & PenistoneSigned
Richard Alexander19/10/1995NewarkSigned
Peter Griffiths19/10/1995Portsmouth NorthSigned
Jim Wallace19/10/1995Orkney & ShetlandSigned
Mark Wolfson19/10/1995SevenoaksSigned
Russell Johnston20/10/1995Inverness, Nairn and LochaberSigned
Alex Carlile23/10/1995MontgomerySigned
Gwyneth Dunwoody23/10/1995Crewe & NantwichSigned
Terry Davis24/10/1995Birmingham, Hodge HillSigned
Andrew Rowe25/10/1995Kent MidSigned
Nigel Jones25/10/1995CheltenhamSigned
Jeremy Bray26/10/1995Motherwell SouthSigned
Jamie Cann26/10/1995IpswichSigned
Kenneth Eastham26/10/1995Manchester, BlackleySigned
Mike Hall26/10/1995Warrington SouthSigned
Gerry Steinberg26/10/1995Durham, City ofSigned
Chris Davies31/10/1995Littleborough and SaddleworthSigned
Christopher Gill31/10/1995LudlowSigned
Tim Rathbone02/11/1995LewesSigned
Anthony Durant02/11/1995Reading WestSigned
Allan Rogers06/11/1995RhonddaSigned

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