London Club
Encyclopedia
An informal group of private creditors on the international stage. Similar to the Paris Club
of public lenders. London Club is not the only informal group of private creditors. Its first meeting took place in 1976 in response to Zaire
's payment problems.
Russia
's London Club debt was US$ 21.2 billion, all restructured Soviet-era.
Paris Club
The Paris Club is an informal group of financial officials from 19 of some of the world's biggest economies, which provides financial services such as war funding, debt restructuring, debt relief, and debt cancellation to indebted countries and their creditors...
of public lenders. London Club is not the only informal group of private creditors. Its first meeting took place in 1976 in response to Zaire
Zaire
The Republic of Zaire was the name of the present Democratic Republic of the Congo between 27 October 1971 and 17 May 1997. The name of Zaire derives from the , itself an adaptation of the Kongo word nzere or nzadi, or "the river that swallows all rivers".-Self-proclaimed Father of the Nation:In...
's payment problems.
Russia
Russia
Russia or , officially known as both Russia and the Russian Federation , is a country in northern Eurasia. It is a federal semi-presidential republic, comprising 83 federal subjects...
's London Club debt was US$ 21.2 billion, all restructured Soviet-era.