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Paris Club

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Paris Club
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.Debtors are often recommended by the International Monetary Fund after alternative solutions have failed.

It meets every six weeks at the French Ministry of the Economy, Finance, and Industry in Paris. It is chaired by a senior official of the French Treasury, currently the Director General of the Treasury and Economic Policy Department Xavier Musca
     .
The permanent member-nations of the club are: Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Ireland, Italy, Japan, the Netherlands, Norway, Russia, Spain, Sweden, Switzerland, the United Kingdom, and the United States.
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