Tuesday, December 31, 2013
Martin A. Weiss
Analyst in International Trade and Finance
The Paris Club is a voluntary, informal group of creditor nations who meet approximately 10 times per year, to provide debt relief to developing countries. Members of the Paris Club agree to renegotiate and/or reduce official debt owed to them on a case-by-case basis.
The United States is a key Paris Club Member and Congress has an active role in both Paris Club operations and U.S. policy regarding debt relief overall. The Federal Credit Reform Act of 1990 stipulates that Congress must be involved in any official foreign country debt relief and notified of any debt reduction and debt renegotiation.
Date of Report: December 11, 2013
Number of Pages: 8
Order Number: RS21482
CLICK: RS21482.pdf to use the SECURE SHOPPING CART
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