1 Meaning of “qualifying debt” etc

Section 1 Meaning of “qualifying debt” etc

Debt Relief (Developing Countries) Act 2010 (2010 c 22) | Legislation
Debt Relief (Developing Countries) Act 2010 (2010 c 22) | Legislation

Introduction

1  Meaning of “qualifying debt” etc

(1)     This section applies for the purposes of this Act.

(2)     “The Initiative” means the enhanced Heavily Indebted Poor Countries Initiative of the International Monetary Fund and the World Bank.

(3)     “Qualifying debt” means a debt incurred before commencement that—

(a)     is public or publicly guaranteed,

(b)     is external,

(c)     is a debt of a country to which the Initiative applies or a potentially eligible Initiative country, and

(d)

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