The Rules of the Game at the Paris Club

IT seems that every time we have to make debt repayments, the name of the Paris Club crops up. But what actually is the Paris Club? Its name certainly always seems to be being bandied around. The Paris Club is in fact a forum for meetings between creditor nations and debtor countries so that debt rescheduling can be negotiated. These meetings are held so as to avoid any payment defaults by countries in the near future. Direct negotiations at the ...