Paris Club

British  

noun

1. an informal group of representatives from IMF member nations whose governments or central banks have lent money to governments of other countries See Group of Ten

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Example Sentences

See Examples For:

Paris Club

Zambia needs to reach a formal agreement with official creditors, including the Paris Club and China.

From Reuters ● Oct. 6, 2023

The 2015 Paris Club agreement forgave $8.5 billion of the $11.1 billion in sovereign debt Cuba defaulted on in 1986.

From Reuters ● Sep. 1, 2023

It has already begun talks with foreign creditors including groups such as Paris Club and countries including India and China to restructure the debt.

From Seattle Times ● Jun. 28, 2023

Sri Lanka owes $7.1 billion to its creditors, with $3 billion owed to China, $1.6 billion to India and $2.4 billion to the Paris Club, a group of creditor nations.

From Reuters ● May 25, 2023

The Paris Club and bilateral   creditors have eased the external debt situation, with Benin   benefiting from a G8 debt reduction announced in July 2005, while   pressing for more rapid structural reforms.

From The 2006 CIA World Factbook by United States. Central Intelligence Agency

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