Paris Club

Sri Lanka has recently reached an “agreement in principle” with India and the Paris Club group of creditors including Japan, on a debt treatment plan.
The Paris Club is an informal group of creditor nations that work to find sustainable solutions for debtor countries that are unable to repay their bilateral loans.
The Paris Club has 22 permanent members which have originated from a 1956 meeting in which Argentina agreed to meet its public creditors in Paris.

India is not a member to this club. The Paris Club usually coincides with the IMF program period.

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