Latest news on paris club refund
The Paris Club is a group of official creditors that provides debt relief to heavily indebted poor countries (HIPC) and other low-income countries. The latest news on Paris Club refunds is that the organization has been providing debt relief to several countries in recent years.
Here are some recent updates:
- In 2020, the Paris Club agreed to cancel $1.4 billion in debt owed by the Democratic Republic of Congo (DRC). The debt cancellation was part of a broader debt relief package aimed at helping the DRC recover from the COVID-19 pandemic.
- In 2020, the Paris Club also agreed to cancel $1.1 billion in debt owed by the Republic of Congo. The debt cancellation was part of a broader debt relief package aimed at helping the country recover from the COVID-19 pandemic.
- In 2019, the Paris Club agreed to cancel $1.3 billion in debt owed by the Republic of Mozambique. The debt cancellation was part of a broader debt relief package aimed at helping the country recover from a debt crisis.
- In 2018, the Paris Club agreed to cancel $1.2 billion in debt owed by the Republic of Ghana. The debt cancellation was part of a broader debt relief package aimed at helping the country recover from a debt crisis.
It's worth noting that the Paris Club's debt relief efforts are subject to the approval of its member countries, which include the G7 countries (Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States), as well as other countries that are members of the organization.
Here are some recent quotes from the Paris Club:
- "The Paris Club is committed to providing debt relief to low-income countries that are facing significant debt challenges. We believe that debt relief can help these countries to recover from economic crises and to invest in their people and their economies." - Paris Club Chairman, 2020
- "The Paris Club's debt relief efforts are designed to help low-income countries to achieve sustainable economic growth and to reduce poverty. We believe that debt relief can play an important role in achieving these goals." - Paris Club Secretary-General, 2019
It's worth noting that the Paris Club's debt relief efforts are subject to the approval of its member countries, and the organization's decisions are guided by its principles and procedures.