The Paris Club, also known as the Paris Club, is an informal international entity that plays a fundamental role in resolving issues related to the external debt of developing countries.
The main objective is to negotiate sovereign debt restructurings, offering more favorable terms and extended deadlines, in order to ease the debt burden on developing nations.
Australia Austria Belgium Brazil Canada Denmark Finland France Germany Ireland Israel Italy Japan “South” Korea Netherlands Norway Russia Spain Sweden Switzerland United Kingdom U.S.
Solidarity Consensus Information Sharing Case by case Conditionality Comparability of treatment
Lack of Transparency Focus on Creditors’ Interests Lack of Debtor Representation Social and Economic Impact Lack of Flexibility Effect on Future Credit