Paris Club

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Paris Club Club de Paris
Emblem
Secretariat	Paris, France
Languages	English, French
Membership	22 member states 13 ad hoc member states 9 observers
Leaders
• Chairperson	Bertrand DUMONT[1]
• Co-Chairperson	William Roos
• Vice-Chairperson	Christophe Bories
• Secretary General	Philippe Guyonnet-Dupérat
Establishment	1956; 68 years ago (1956)
Website https://clubdeparis.org/

Paris Club (French: Club de Paris) is a group of major creditor countries aiming to provide a sustainable way to tackle debt problems in debtor countries.

The Paris Club treats public claims (that is to say, those due by governments of debtor countries and by the private sector), guaranteed by the public sector to Paris Club members. A similar process occurs for public debt held by private creditors in the London Club, which was organized in 1970 on the model of the Paris Club as an informal group of commercial banks meet to renegotiate the debt they hold on sovereign debtors.^{[clarification needed]}

Creditor countries meet ten times a year in Paris for Tour d'Horizon and negotiating sessions. To facilitate Paris Club operations, the French Treasury provides a small secretariat, and a senior official of the French Treasury is appointed chairman.^[2]

Paris club has reached 478 agreements with 102 debtor countries to date, and has received criticism for a lack of transparency in their decisionmaking.