{"id":6471,"date":"2022-12-07T07:30:07","date_gmt":"2022-12-07T02:00:07","guid":{"rendered":"https:\/\/vajiramandravi.com\/current-affairs\/?p=6471"},"modified":"2025-03-27T15:04:20","modified_gmt":"2025-03-27T09:34:20","slug":"what-is-the-paris-club","status":"publish","type":"post","link":"https:\/\/vajiramandravi.com\/current-affairs\/what-is-the-paris-club\/","title":{"rendered":"What is the Paris Club?"},"content":{"rendered":"<h2><strong>About Paris Club:<\/strong><\/h2>\n<ul>\n<li>The Paris club has also called upon the Global north and south to take a similar haircut in restructuring of Sri Lankan debt. So far no official proposal has been made by Paris club to China or India.<\/li>\n<li>The Paris Club is an <strong>informal group of creditor nations whose objective is to find workable solutions to payment problems faced by debtor nations<\/strong>.<\/li>\n<li>The Paris Club has <strong>22 permanent members<\/strong>, including most of the western European and Scandinavian nations, the United States, the United Kingdom, and Japan.<\/li>\n<li>The group is <strong>organized around the principles that each debtor nation be treated case by case, with consensus<\/strong>, conditionality, solidarity, and comparability of treatment.<\/li>\n<li>The Paris Club stresses the informal nature of its existence. <strong>As an informal group, it has no official statutes and no formal inception date<\/strong>, although its first meeting with a debtor nation was in 1956, with Argentina.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<hr \/>\n<h3><strong>Q1) What are Creditor nations?<\/strong><\/h3>\n<p>Creditor nations are those that lend more money to the world than they borrow from it.\u00a0<\/p>\n<p><strong>Source:\u00a0<\/strong><a href=\"https:\/\/newsonair.com\/2022\/12\/04\/paris-club-proposes-10-year-moratorium-on-sri-lankan-debt\/\" target=\"_blank\" rel=\"nofollow noopener\">All India Radio<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Paris Club is a group of creditor nations finding solutions to payment problems faced by debtor nations.<\/p>\n","protected":false},"author":5,"featured_media":6472,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-6471","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-upsc-prelims-current-affairs","8":"no-featured-image-padding"},"acf":[],"_links":{"self":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/6471","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/comments?post=6471"}],"version-history":[{"count":0,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/6471\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media\/6472"}],"wp:attachment":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media?parent=6471"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/categories?post=6471"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/tags?post=6471"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}