Patrick Grady – 2016 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Patrick Grady on 2016-03-16.

To ask Mr Chancellor of the Exchequer, if he will issue a response to Early Day Motion 68, Prevention of debt crisis in developing countries.

Greg Hands

The Government agrees that the maintenance of sustainable debt levels is a critical factor for achieving poverty reduction. The UK has provided more than £5 billion in debt relief since 1996 under the Heavily Indebted Poor Countries and Multilateral Debt Relief Initiatives, and will continue to promote debt sustainability internationally.

The Government is also committed to supporting developing countries to access their domestic tax revenues through our efforts in driving the G20-OECD Base Erosion and Profit Shifting project and our commitment to funding tax capacity building in developing countries bilaterally and multilaterally – including through the direct provision of technical assistance by the UK to tackle tax avoidance.