Club of Paris
The Paris Club is an informal group of official creditors whose role is to find coordinated and sustainable solutions to the payment difficulties experienced by debtor countries. The Paris Club which consists of 22 Member Countries is an instrument to bridge payment difficulties of indebted countries. Its aim is to recover official claims for the official creditors and to find suitable and sustainable solutions for the payment difficulties experienced by debtor countries.
Austria is represented in this informal group by the Ministry of Finance and technical experts from OeKB.
If debtor countries undertake reforms to stabilize and restore their macroeconomic and financial situation, Paris Club Creditors provide an appropriate debt treatment in the form of tailor-made rescheduling either on commercial or concessional basis up to debt cancellation.