Debt Relief (Developing Countries) Bill

Key Points

• Establishes a statutory framework for debt relief for eligible developing countries.
• Enables potential measures such as cancellation, reduction, or restructuring of debts, plus associated financial or policy support.
• Involves coordination with international lenders, development banks, and partner governments.
• Seeks to further development by alleviating debt burdens and improving fiscal space in the eligible countries.

Progress

The bill is currently at the second reading in the House of Commons. If it passes this stage, it would move to committee scrutiny for detailed examination.