The Paris Club is an informal group of financial officials from 19 of the world's richest countries, which provides financial services such as debt restructuring, debt relief, and debt cancellation to indebted countries and their creditors. Debtors are often recommended by the International Monetary Fund after alternative solutions have failed. It meets every six weeks at the France Ministry of the Economy, Finance, and Industry in Paris. It is chaired by a senior official of the French Treasury, currently the Under-Secretary of the Treasury, Jean-Pierre Jouyet. The club grew out of crisis talks held in Paris in 1956 between the nation of Argentina and its various creditors. In 2004, the Club decided to write-off the debts of Iraq. They will probably also help the victims of the 2004_Indian_Ocean_earthquake. The permanent member-nations of the club are: Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Ireland, Italy, Japan, Netherlands, Norway, Russia, Spain, Sweden, Switzerland, United Kingdom, and United States. ==External links== *[http://www.clubdeparis.org Paris Club Official Website] ===Articles=== *[http://slate.msn.com/id/2082575/ What is the Paris Club? MSN Slate] *[http://www.washingtonpost.com/wp-dyn/articles/A3109-2004Nov21.html Paris Club Agrees On Iraqi Debt Write-Off (washingtonpost.com)] International organizations International economics
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Paris Club
The Paris Club is an informal group of financial officials from 19 of the world's richest countries, which provides financial services such as debt restructuring, debt relief, and debt cancellation to indebted countries and their creditors. Debtors are often recommended by the International Monetary Fund after alternative solutions have failed. It meets every six weeks at the France Ministry of the Economy, Finance, and Industry in Paris. It is chaired by a senior official of the French Treasury, currently the Under-Secretary of the Treasury, Jean-Pierre Jouyet. The club grew out of crisis talks held in Paris in 1956 between the nation of Argentina and its various creditors. In 2004, the Club decided to write-off the debts of Iraq. They will probably also help the victims of the 2004_Indian_Ocean_earthquake. The permanent member-nations of the club are: Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Ireland, Italy, Japan, Netherlands, Norway, Russia, Spain, Sweden, Switzerland, United Kingdom, and United States. ==External links== *[http://www.clubdeparis.org Paris Club Official Website] ===Articles=== *[http://slate.msn.com/id/2082575/ What is the Paris Club? MSN Slate] *[http://www.washingtonpost.com/wp-dyn/articles/A3109-2004Nov21.html Paris Club Agrees On Iraqi Debt Write-Off (washingtonpost.com)] International organizations International economics
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