Paris Club
- The Paris club is a group of officials from 22 countries who find sustainable solutions for challenges faced by debtor countries.
- As debtor countries undertake reforms to stabilize and restore their macroeconomic and financial situation, Paris Club creditors provide an appropriate debt treatment.
- Recently, Paris Club creditor nations have proposed a 10-year moratorium on Sri Lankan debt. They have also proposed another 15 years of debt restructuring as a formula to resolve the Sri Lankan debt crisis.
- Earlier this year, Sri Lanka had defaulted on its 51 billion dollar external debt in the midst of spiralling political and economic ....
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