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International organization
Paris Club
Club de Paris
Emblem
Secretariat
Paris, France
Languages
English, French
Membership
22 member states
13 ad hoc member states
9 observers
Leaders
• Chairperson
Bertrand DUMONT[1]
• Co-Chairperson
William Roos
• Vice-Chairperson
Christophe Bories
• Secretary General
Philippe Guyonnet-Dupérat
Establishment
1956; 68 years ago (1956)
Website https://clubdeparis.org/
Paris Club (French: Club de Paris) is a group of major creditor countries aiming to provide a sustainable way to tackle debt problems in debtor countries.
The Paris Club treats public claims (that is to say, those due by governments of debtor countries and by the private sector), guaranteed by the public sector to Paris Club members. A similar process occurs for public debt held by private creditors in the London Club, which was organized in 1970 on the model of the Paris Club as an informal group of commercial banks meet to renegotiate the debt they hold on sovereign debtors.[clarification needed]
Creditor countries meet ten times a year in Paris for Tour d'Horizon and negotiating sessions. To facilitate Paris Club operations, the French Treasury provides a small secretariat, and a senior official of the French Treasury is appointed chairman.[2]
Paris club has reached 478 agreements with 102 debtor countries to date, and has received criticism for a lack of transparency in their decisionmaking.
^"Club de Paris". clubdeparis.org. Retrieved 6 April 2024.
^Cite error: The named reference RS21482 was invoked but never defined (see the help page).
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