The Paris Club is an informal group of official creditors whose role is to find coordinated and sustainable solutions to the payment difficulties experienced 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. Paris Club creditors provide debt treatments to debtor countries in the form of rescheduling, which is debt relief by postponement or, in the case of concessional rescheduling, reduction in debt service obligations during a defined period (flow treatment) or as of a set date (stock treatment).

The origin of the Paris Club dates back to 1956 when Argentina agreed to meet its public creditors in Paris. Since then, the Paris Club has reached 480 agreements with 102 different debtor countries. Since 1956, the debt treated in the framework of Paris Club agreements amounts to $ 616 billion.

Get to know the Club better in three short videos

• The Paris Club, its main missions and principles on which it operates.

• Three pivotal moments in the Club’s recent history, or how the changing sovereign debt landscape following the implementation of the Heavily Indebted Poor Countries (HIPC) initiative led to the establishment of the Common Framework between the Paris Club and the G20 in 2020.

• Functioning of a debt treatment negotiated by the Club and implemented by its member creditors.