Club de Paris

What is the Paris Club?

The Paris Club is an informal group of official creditors whose role is to find coordinated and sustainable solutions for the payment difficulties experienced by debtor countries. The creditors of the Paris Club provide debt treatments to debtor countries in the form of debt restructuring, which is the relief of debt through deferral or, in the case of concessional restructuring, reduction of debt service obligations during a defined period (flow treatment) or at a specific date (stock treatment).

How the Paris Club Works

The Paris Club originated in 1956 when Argentina agreed to bring its public creditors together in Paris. Since then, the Paris Club has reached 469 agreements with 98 different debtor countries. Since 1956, the debt treated under the framework of the Paris Club agreements has amounted to $58.8 billion.

Debt Treatments

The Paris Club offers various debt treatments, including:

• Debt restructuring
• Debt cancellation
• Flow and stock treatments
• Exceptional treatments in case of crisis
• Debt swap
• Early repayments

News and Key Data

Some of the highlighted data and news include:

• Tanzania benefits from the Debt Service Suspension Initiative (DSSI) on October 23, 2020
• Extension of DSSI and common framework for debt treatments on October 14, 2020
• Madagascar benefits from the Debt Service Suspension Initiative on October 12, 2020
• Yemen benefits from the Debt Service Suspension Initiative on October 7, 2020
• Mozambique benefits from the Debt Service Suspension Initiative on September 29, 2020

Contact Information

For more information, you can visit the official website of the Paris Club at https://www.clubdeparis.org.