The Paris Club, an informal group of creditor nations, will provide financial assurances to the International Monetary Fund on Sri Lanka’s debt.
The Paris Club is a group of mostly western creditor countriesthat grew from a 1956 meeting in which Argentina agreed to meet its public creditors in Paris.
Objective:To find sustainable debt-relief solutions for countries those are unable to repay their bilateral loans.
It describes itself as a forum where official creditors meet to solve payment difficulties faced by debtor countries.
The members are: Australia, Australia, Belgium, Canada, Denmark, Finland, France, Germany, Ireland, Israel, Japan, Netherlands, Norway, Russia, South Korea, Spain, Sweden, Switzerland, the United Kingdom and the United States.
All 22 are members of the group called Organisation for Economic Co-operation and Development (OECD).