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Finance Dictionary and Glossary of Investment Terms
Term used to describe when a debtor nation meets with creditor nations to renegotiate its official debt. The name results from the fact that the meetings are often chaired by an official from the French treasury department.
A monthly meeting, taking place in Paris, between the creditors of 19 countries for the purpose of discussing debt issues. Among other things, the Paris Club addresses the issue of coordinated debt relief for developing countries that cannot service their debt.