Paris Club


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Paris Club

An informal group consisting of 19 wealthy countries in the developed world. Financial government official meet every six weeks to discuss debt relief in the developing world. The IMF typically recommends a country to the Paris Club when other forms of restructuring have not worked. Potential solutions proposed by the Paris Club range from payment rescheduling to debt cancellation. See also: Highly-indebted poor country.
References in periodicals archive ?
The Paris Club comprises 19 creditors selected by the International Monetary Fund.
The debt to the non-member countries of the Paris Club amounted to $1.
At the moment, he was also Chairman of the Agence France Tresor and Chairman of the Paris Club.
By the end of December 2013, Egypt's debt to the Paris Club was USD3.
A Paris Club delegation quietly travelled to Havana late last year to meet with Cuban bank officials, who were prepared with various proposals and appeared eager to strike a deal, according to Western diplomats.
A Paris Club delegation quietly traveled to Havana late last year to meet with Cuban bank officials, who were prepared with various proposals and appeared eager to strike a deal, according to Western diplomats.
Around three quarters of Sudan's external debt are owed to the Paris Club of creditor nations and other non-member states.
Speaker Jeenbekov referred to the talks held between the Ministries of Finance of Kyrgyzstan and Korea and urged his South Korean colleagues to provide assistance in restructuring of Kyrgyzstan's debt with Paris Club.
Which Paris club was famed for its can-can dancers?
It was reported that Iraqi debts reached in 2003 between 130-140 billion dollars, most of them were dropped in 2004 according to Paris Club agreement.
Chabal revealed he was unhappy with the situation at the Paris club but did not criticise Berbizier or club president Jacky Lorenzetti.
Cuba's wealthiest creditors have decided to test President Raul Castro's pledge to improve the island's financial credibility by inviting his government to talks with the Paris Club about settling billions of dollars of outstanding debt, according to Western diplomats quoted Nov.