Below is the text of the written answers relating to Prime Minister’s Question Time from 20th November 1991.
Mr. Campbell-Savours : To ask the Prime Minister whether he has any plans to extend the debt relief he announced at the Commonwealth Heads of Government summit to all low income debtor countries.
The Prime Minister : There are no plans to extend Trinidad terms beyond the poorest and most indebted countries. There is widespread agreement that these countries have the most pressing problems. It is right, therefore, that our priority should be to address their problems. So far 22 very poor and indebted countries have benefited from the existing Toronto terms debt reduction package–another United Kingdom initiative. Although the precise criteria for eligibility for the Trinidad terms package are still being worked out in practice, those that qualify will enjoy a much more generous treatment than that presently available under Toronto terms.