Debt Cancellation: Low-Income Countries Debate

As the global debt crises cripples the Global South, I secured a debate on debt cancellation for low income countries. It was great to see so many other MPs show support for this cause and contribute to a productive afternoon in Westminster Hall.

I asked the Govt to support my Debt Relief (Developing Countries) Bill which would:
– compel private creditors to accept the same terms as other lenders
– reduce debt burden for the poorest countries
– cost the Treasury absolutely nothing

Spending more on debt servicing than on health or education cannot continue. The UK must act now.

The Second Reading of my Bill is due to be the 14th March 2025.

Low-income Countries: Debt Cancellation – Hansard – UK Parliament