Guernsey's States begins consultation on foreign debt

Lyndon Trott
Image caption Chief Minister Lyndon Trott said Guernsey has a commitment to reduce debt burdens

Businesses and groups in Guernsey have been asked for their opinions on helping debt-ridden countries.

The States has begun a consultation on proposals to support the Heavily-Indebted Poor Countries Initiative (HIPC).

The HIPC aims to limit so-called "vulture funds", which are set up by organisations to purposely acquire debt.

The initiative was launched in 1996, and a number of governments support it.

Guernsey's Chief Minister Lyndon Trott said: "Guernsey has a strong commitment to work with other jurisdictions to reduce to sustainable levels the external debt burdens of the most heavily indebted poor countries."

Responses will be accepted until 16 September.

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