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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 noun from the Cambridge Business English Dictionary © Cambridge University Press)
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