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

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

From Reuters • Oct. 6, 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

"We've successfully worked with the Paris Club and other creditors to determine the parameters for official debt restructuring under the G20 common framework for debt treatment," Ofori-Atta told journalists in Accra on Sunday.

From Reuters • Jun. 18, 2023

Sri Lanka owes $7.1 billion to bilateral creditors, government data show, with $3 billion owed to China, followed by $2.4 billion to the Paris Club and $1.6 billion to India.

From Reuters • May 9, 2023

An agreement   rescheduling the country's $4.5 billion Paris Club government debts   was concluded in November 2001; it wrote off 66% of the debt.

From The 2004 CIA World Factbook by United States. Central Intelligence Agency