London Club

This article is about the international group of creditors. For clubs in London, see List of London's gentlemen's clubs.

The London Club is an informal group of private creditors on the international stage, and is similar to the Paris Club of public lenders. The London Club is not the only informal group of private creditors. The first meeting of the London Club took place in 1976 in response to Zaire's debt payment problems.

The London Club is also the organization responsible for rescheduling debt payments made by countries to commercial banks.[1]

See also

References

  1. ↑ Sloman J. (2006), Economics (6th edition). Harlow, FT/Prentice Hall. ISBN 0-273-70512-1
This article is issued from Wikipedia - version of the 6/25/2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.