Monday, August 10, 2015

Term of the Day: Paris Club

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August 10, 2015
Paris Club

An informal group of creditor nations whose objective is to find workable solutions to payment problems faced by debtor nations. The Paris Club has 19 permanent members, including most of the western European and Scandinavian nations, the United States of America, the United Kingdom and Japan. The Paris Club stresses the informal nature of its existence and deems itself a "non-institution." As an informal group, it has no official statutes and no formal inception date, although its first meeting with a debtor nation was in 1956, with Argentina.

Investopedia Explains:

The members of the Paris Club meet each month in the French capital, except for the months of...

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