2023
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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‘Paris Club’ an informal group of creditor nations, are the members of which organisation?
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OPEC
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OECD
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G-20
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G-7
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Explanation:
Detailed explanation-1: -All 22 are members of the group called Organisation for Economic Co-operation and Development (OECD).
Detailed explanation-2: -The Paris Club is an informal group of mostly western creditor countries. It grew from a 1956 meeting in Paris between Argentina and its public creditors. Its objective is to find sustainable debt-relief solutions for countries unable to repay their bilateral loans.
Detailed explanation-3: -The objective of the Paris Club, an informal group of creditor nations that meets each month in the French capital, is to find workable solutions to payment problems faced by debtor nations.
There is 1 question to complete.