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English definition of “Paris Club”

Paris Club

noun
 
 
ECONOMICS, POLITICS
a group of finance officials from the world’s big industrial countries who meet regularly to find ways of helping countries that are in debt, for example by changing when the debt has to be repaid: The UK will therefore lead efforts in the Paris Club to get these countries to a level of debt which IMF analysis shows they can afford.
(Definition of Paris Club from the Cambridge Business English Dictionary © Cambridge University Press)
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