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19 Sept 2002 : Column 142W—continued
Export Credit Guarantees Department
Dr. Cable: To ask the Secretary of State for Trade and Industry, pursuant to her answer of 15 May 2002, Official Report, column 659W, on the Export Credit Guarantees Department, if she will break down the money paid under the Export Credit Guarantees Department (a) in (i) 1999–2000, (ii) 1998–99 and (iii) 1997–98 to the USSR (Civil Misc), (b) in 2000–01 to Jordan, (c) in 1999–2000 to the Philippines (Civil Aerospace), (d) in 1999–2000 to Indonesia (Civil, Misc), (e) in 1999–2000 to Indonesia, (Civil Aerospace) and (f) in 1999–2000 to Indonesia (Defence) by (A) the company and (B) the project involved; and if she will make a statement. [70553]
Ms Hewitt: The table below lists the companies that ECGD has paid claims to and the types of project involved for the requested markets, years and sectors. ECGD seeks to recover claims payments on all cases whether through rescheduling agreements in the Paris Club or negotiations with individual buyers.
19 Sept 2002 : Column 143W
John Austin: To ask the Secretary of State for Trade and Industry what investigations are being carried out by the ECGD following the judgment of Judge Cullinan in Lesotho, on British companies that received ECGD support; and whether they have referred this case to the relevant external investigatory body. [72919]
Ms Hewitt: We are aware that there has been a guilty verdict delivered against Masupha Sole, the former Chief Executive of the Lesotho Highlands Development Authority. However, the consortia involved in the Lesotho Highlands Water Project have not been convicted of corruption.
ECGD is currently seeking information from the companies who were supported by ECGD and who were members of the consortia concerned, and continues to closely monitor developments in relation to Court action in Lesotho.
ECGD is fully committed to eliminating bribery and corruption. On 28 September 2000, ECGD strengthened its own anti corruption measures—pre-empting the OECD Export Credit Group's Action Statement on Bribery and Officially Supported Export Credits and reflecting the OECD Convention on Combating Bribery of Foreign Public Officials.
Mr. Chaytor: To ask the Secretary of State for Trade and Industry what the total was of (a) premiums and (b) claims paid by the Export Credits Guarantee Department in the financial year 2001–02. [72606]
Ms Hewitt [holding answer 24 July 2002]: The following table details premiums earned and claims paid for 2001–02.
I have also included the total of recoveries and interest received by EGCD in the same period.
| £ million | |
|---|---|
| Premium Earned | 76.9 |
| Claims Authorised | 250.0 |
| Recoveries and Interest | 503.5 |
19 Sept 2002 : Column 144W
Mr. Chaytor: To ask the Secretary of State for Trade and Industry what the total of (a) premiums earned, (b) recoveries received, (c) claims paid and (d) interest support was in Export Credits Guarantee Department operations in relation to their defence business in (i) 2000–01 and (ii) 2001–02. [72504]
Ms Hewitt [holding answer 24 July 2002]: The following table details Claims Paid, Premium Earned and Claims Recovered in respect of ECGD's support for defence related business in 2000–01 and 2001–02. The cost of interest rate support has been estimated on the proportion of ECGD credit business constituted by defence related business.
Information on amounts received through Paris Club rescheduling has not been included as it is not held on sectoral basis and this cannot be readily determined. It is likely that taking account of these amounts would improve the position in respect of defence business cashflow.
| Year | Premium Earned £ million | Claims Paid £ million | Estimate of Interest Rate Support | Claims Recovered £ million |
|---|---|---|---|---|
| 2000–01 | 38 | 181 | 4 | 0 |
| 2001–02 | 10 | 125 | 7 | 0 |
Mr. Colman: To ask the Secretary of State for Trade and Industry what ECGD support has been granted for (a) fossil fuel, (b) renewable energy and (c) nuclear power projects, broken down by country, in each year from 1997 to 2002. [72864]
Ms Hewitt: The following table details amounts of ECGD business issued for power projects within the fossil fuel, nuclear and renewable energy sectors, between 1997 and 2002 to date.
19 Sept 2002 : Column 145W
Mr. Cousins: To ask the Secretary of State for Trade and Industry, pursuant to her answer of 21 June 2002, Official Report, column 588W, on ECGD, if she will break down the figures for the financial years (a) 1999–2000 and (b) 2000–01 by country. [72926]
Ms Hewitt: The following table details premium earned and claims paid by ECGD in respect of defence business by country for financial years 1999–2000 and 2000–01.
19 Sept 2002 : Column 146W
Figures for claims indicate the year of payment rather than the year of underwriting. The majority of these claims have been subject to internationally brokered rescheduling agreements and it is expected that these claims will be recovered in full over time.
The calculation of the premium amount for defence business in 1999–2000 has fallen slightly (from £27 million to £25.4 million) since ECGD was first asked to provide this figure. This is due to a combination of improved systems for reporting on business by industrial sector and movements in sterling–US dollar exchange rates.
| 1999–2000 | 2000–01 | |||
|---|---|---|---|---|
| Claims | Indonesia | 151 | Indonesia | 180 |
| Zimbabwe | 1 | Zimbabwe | 1 | |
| Total | 152 | 181 | ||
| Premium | Turkey | 10.2 | South Africa | 29.2 |
| Saudi Arabia | 8.9 | Saudi Arabia | 6.6 | |
| Oman | 3.2 | Oman | 1.6 | |
| Malaysia | 2.6 | Greece | 0.6 | |
| Kuwait | 0.5 | |||
| Total | 25.4 | 38.0 |
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