Explanatory Notes

Debt Relief (Developing Countries) Act 2010

2010 CHAPTER 22

8th April 2010

Commentary on Sections

Section 2 – Qualifying debts: further definitions

14.Section 2 defines in more detail the debts to which the Initiative applies and to which the Act applies. The definition is based on that used by the World Bank and IMF in determining which debts are included within the Initiative.