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Prevention Of Debt Crises In Developing Countries

EDM number 68 in 2015-16, proposed by Roger Godsiff on 02/06/2015.
Categorised under the topics of Charities, International development, United Nations and International organisations.

That this House supports taking action to prevent debt crises taking place in developing countries, as these delay development and can cause great suffering; welcomes the $130 billion of developing country debt which was cancelled through the Heavily Indebted Poor Countries initiative; notes that lending to low-income countries has trebled since 2008, and that the IMF and World Bank state that 45 low-income countries are at moderate or high risk of not being able to pay their debts; further notes that multilateral institutions are responsible for 60 per cent of loans to low income countries; in this context, urges the Government to keep giving bilateral aid as grants rather than loans; further urges the Government to require the multilateral institutions that it funds to take further measures to ensure loans do not lead to unpayable debts; calls on the Government to support a UN Intergovernmental Tax Body to give developing countries a say in creating fairer global tax rules, and to support and implement the UN principles on responsible borrowing and lending; and further calls on the Government actively to support and participate in the UN negotiations to create new international bankruptcy rules for states which will indicate to the private sector that it will no longer be bailed out at taxpayer expense for reckless lending.

This motion has been signed by a total of 83 MPs.

Roger Godsiff02/06/2015Birmingham, Hall GreenLabourProposed
Mark Durkan03/06/2015FoyleSocial Democratic and Labour PartySeconded
Caroline Lucas03/06/2015Brighton, PavilionGreenSeconded
Jim Shannon03/06/2015StrangfordDUPSeconded
Hywel Williams03/06/2015ArfonPlaid CymruSeconded
Martyn Day03/06/2015Linlithgow and East FalkirkScottish National PartySeconded
Kelvin Hopkins03/06/2015Luton NorthLabourSigned
Peter Bottomley03/06/2015Worthing WestConservativeSigned
Mary Glindon04/06/2015North TynesideLabourSigned
John McDonnell04/06/2015Hayes and HarlingtonLabourSigned
David Anderson04/06/2015BlaydonLabourSigned
Jim Cunningham04/06/2015Coventry SouthLabourSigned
Margaret Ritchie04/06/2015South DownSocial Democratic and Labour PartySigned
Keith Vaz04/06/2015Leicester EastLabourSigned
Paul Flynn04/06/2015Newport WestLabourSigned
Liz Saville Roberts04/06/2015Dwyfor MeirionnyddPlaid CymruSigned
Michael Weir08/06/2015AngusScottish National PartySigned
Jeremy Corbyn08/06/2015Islington NorthLabourSigned
Angus MacNeil08/06/2015Na h-Eileanan an IarScottish National PartySigned
Ruth Cadbury08/06/2015Brentford and IsleworthLabourSigned
Philippa Whitford09/06/2015Central AyrshireScottish National PartySigned
John McNally09/06/2015FalkirkScottish National PartySigned
Stephen Kinnock09/06/2015AberavonLabourSigned
Neil Gray09/06/2015Airdrie and ShottsScottish National PartySigned
David Crausby10/06/2015Bolton North EastLabourSigned
David Simpson10/06/2015Upper BannDUPSigned
Mark Williams10/06/2015CeredigionLiberal DemocratSigned
Patrick Grady10/06/2015Glasgow NorthScottish National PartySigned
Lady Hermon10/06/2015North DownIndependentSigned
Virendra Sharma10/06/2015Ealing, SouthallLabourSigned
Diane Abbott11/06/2015Hackney North and Stoke NewingtonLabourSigned
Fiona Mactaggart11/06/2015SloughLabourSigned
Alan Meale15/06/2015MansfieldLabourSigned
Robert Flello15/06/2015Stoke-on-Trent SouthLabourSigned
Rachael Maskell16/06/2015York CentralLabour/Co-operativeSigned
Tasmina Sheikh22/06/2015Ochil and South PerthshireScottish National PartySigned
Eilidh Whiteford23/06/2015Banff and BuchanScottish National PartySigned
Gavin Newlands23/06/2015Paisley and Renfrewshire NorthScottish National PartySigned
Corri Wilson24/06/2015Ayr, Carrick and CumnockScottish National PartySigned
Carol Monaghan01/07/2015Glasgow North WestScottish National PartySigned
Yasmin Qureshi02/07/2015Bolton South EastLabourSigned
Gerald Kaufman13/07/2015Manchester, GortonLabourSigned
Alan Brown21/07/2015Kilmarnock and LoudounScottish National PartySigned
Frank Field12/10/2015BirkenheadLabourSigned
Rosie Cooper12/10/2015West LancashireLabourSigned
Stephen Hepburn12/10/2015JarrowLabourSigned
Graham Stringer12/10/2015Blackley and BroughtonLabourSigned
Paul Monaghan12/10/2015Caithness, Sutherland and Easter RossScottish National PartySigned
Cat Smith12/10/2015Lancaster and FleetwoodLabourSigned
Fabian Hamilton12/10/2015Leeds North EastLabourSigned
John Mann12/10/2015BassetlawLabourSigned
Michael Meacher12/10/2015Oldham West and RoytonLabourSigned
Valerie Vaz12/10/2015Walsall SouthLabourSigned
Joanna Cherry14/10/2015Edinburgh South WestScottish National PartySigned
David Davies15/10/2015MonmouthConservativeSigned
Margaret Greenwood15/10/2015Wirral WestLabourSigned
John Cryer15/10/2015Leyton and WansteadLabourSigned
Geoffrey Robinson16/10/2015Coventry North WestLabourSigned
Harry Harpham16/10/2015Sheffield, Brightside and HillsboroughLabourSigned
Norman Lamb21/10/2015North NorfolkLiberal DemocratSigned
Greg Mulholland22/10/2015Leeds North WestLiberal DemocratSigned
Alison Thewliss27/10/2015Glasgow CentralScottish National PartySigned
Kirsten Oswald28/10/2015East RenfrewshireScottish National PartySigned
Rupa Huq29/10/2015Ealing Central and ActonLabourSigned
Thangam Debbonaire30/10/2015Bristol WestLabourSigned
Louise Ellman02/11/2015Liverpool, RiversideLabourSigned
Nigel Dodds04/11/2015Belfast NorthDUPSigned
Helen Goodman06/11/2015Bishop AucklandLabourSigned
Steven Paterson09/11/2015StirlingScottish National PartySigned
George Kerevan09/11/2015East LothianScottish National PartySigned
Kate Hoey16/11/2015VauxhallLabourSigned
Tom Brake16/11/2015Carshalton and WallingtonLiberal DemocratSigned
Stuart McDonald30/11/2015Cumbernauld, Kilsyth and Kirkintilloch EastScottish National PartySigned
David Hanson08/12/2015DelynLabourSigned
Stuart Donaldson16/12/2015West Aberdeenshire and KincardineScottish National PartySigned
Angus Robertson11/01/2016MorayScottish National PartySigned
Tommy Sheppard25/01/2016Edinburgh EastScottish National PartySigned
Catherine McKinnell29/02/2016Newcastle upon Tyne NorthLabourSigned
Owen Thompson01/03/2016MidlothianScottish National PartySigned
Jeffrey M Donaldson01/03/2016Lagan ValleyDUPSigned
John Pugh04/03/2016SouthportLiberal DemocratSigned
Helen Hayes09/03/2016Dulwich and West NorwoodLabourSigned
Stephen McCabe22/03/2016Birmingham, Selly OakLabourSigned

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