As the Chancellor of the Exchequer has attended two international conferences since the beginning of thesummer recess - the IMF conference and the Toronto conference on the World Debt Crisis - is it not time that he made a statement to the House explaining his part in the disgraceful and inadequate decisions taken to deal with poverty in the world today?

It has been possible at least to hope for the last two years that the sticking plaster or case-by-case approach to the World Debt Crisis might, somehow or another, get the world through.

My hon. Friend the Member for Walthamstow rightly reminded us of the problems of the World Debt Crisis, inflation, recession and the decline in exports and the fallingcommodity prices of Third world countries.

The World Debt Crisis, much of which has been accumulated because dictators have bought weapons with which to crush their own people, not to fight the Russians, could be a factor in that.

The World Debt Crisis is around the corner and there is little doubt that international financiers now want back the money that the Chancellor gave in his pre-election boom before they will restore full confidence in him.

] Will the Leader of the House ensure that in the near future the House has an opportunity to discuss the British Government's attitude to the World Debt Crisis, their funding through the World Bank and the EEC of environmentally damaging projects such as the Grande Carajas project, and the damage that is being done to the economies of many Latin American countries by the imposition of totally unsuitable economic models upon those countries?

No matter how reluctant the banks, and probably the citizenryof this country, may be to accept the principle of debt forgiveness, it appears that of all the options open to First world Governments today, and of all the different machanisms that have been suggested for rescheduling, converting into bonds or dealing with the World Debt Crisis in some other way, by far and away the most effective mechanism is to offset the tax concessions that have been made to the banks against debt forgiveness, and to eradicate at least the current problem once and for all.

I foresee a dangerous trend developing, with a new era of European imperialism that maintains wealth for itself in Europe and uses the World Debt Crisis to impoverish the poorest countries.

There the trading environment has been dramatically changed by the World Debt Crisis and its aftermath.