What does paris club mean?

Definitions for paris club
paris club

Here are all the possible meanings and translations of the word paris club.

Wikipedia

  1. Paris Club

    The Paris Club (French: Club de Paris) is a group of officials from major creditor countries whose role is to find co-ordinated and sustainable solutions to the payment difficulties experienced by debtor countries. As debtor countries undertake reforms to stabilize and restore their macroeconomic and financial situation, Paris Club creditors provide an appropriate debt treatment. Paris Club creditors provide debt treatments to debtor countries in the form of rescheduling, which is debt relief by postponement or, in the case of concessional rescheduling, reduction in debt service obligations during a defined period (flow treatment) or as of a set date (stock treatment).The Paris Club was created gradually from 1956, when the first negotiation between Argentina and its public creditors took place in Paris. 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. 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.Since 1956, the Paris Club has signed 433 agreements with 90 different countries covering over US$583 billion.

How to pronounce paris club?

  1. Alex
    Alex
    US English
    Daniel
    Daniel
    British
    Karen
    Karen
    Australian
    Veena
    Veena
    Indian

How to say paris club in sign language?

  1. parisclub

Numerology

  1. Chaldean Numerology

    The numerical value of paris club in Chaldean Numerology is: 2

  2. Pythagorean Numerology

    The numerical value of paris club in Pythagorean Numerology is: 2

Examples of paris club in a Sentence

  1. Richard Feinberg:

    However, a deal with the Paris Club will not get Cuba a good international credit rating. That can only come from more robust export earnings and a healthier sustainable balance of payments.

  2. David Malpass:

    In lending, China often fails to adhere to international standards in areas such as anti-corruption, export credits, and finding coordinated and sustainable solutions to payment difficulties, such as those sought in the Paris Club.

  3. Deborah Zandstra:

    Clearly being an adviser who has a strong team in Paris means that they have been able to represent many sovereigns at the Paris Club, they (Lazard) have taken a lot of Francophone African nations through the Paris Club process and have very good experience of advising sovereigns on working within the framework of a financial assistance programme with the IMF.

  4. Andrew Wilkinson:

    If Ukraine wants to settle with Russia on better terms (than what others received) they will have to come back to the bondholders for consent, under terms of the deal there is no carve-out for sovereign debt or Paris Club debt.

  5. Richard Feinberg:

    A comprehensive deal would go a long way toward normalizing Cuba's international financial relations and gaining access to official trade credits, however, a deal with the Paris Club will not get Cuba a good international credit rating. That can only come from more robust export earnings and a healthier sustainable balance of payments.

Images & Illustrations of paris club

  1. paris clubparis clubparis clubparis clubparis club

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