Paris Club
A monthly meeting in Paris attended by creditors of 19 countries to discuss debt issues. Among other things, the Paris Club addresses the issue of coordinated debt relief for developing countries that cannot service their debt.
Investopedia Commentary
The Paris Club includes most European nations and Russia.
Related Links
What Is The Bank For International Settlements?
What Is The International Monetary Fund?
What Is An Emerging Market Economy?
See also: Creditor, Debt, Emerging Market Economy