UPSC Courses

DNA banner


  • 01 December, 2023

  • 1 Min Read

Paris Club

  • Sri Lanka has recently reached an “agreement in principle” with India and the Paris Club group of creditors including Japan, on a debt treatment plan.
  • The Paris Club is an informal group of creditor nations that work to find sustainable solutions for debtor countries that are unable to repay their bilateral loans.
  • The Paris Club has 22 permanent members which have originated from a 1956 meeting in which Argentina agreed to meet its public creditors in Paris.

India is not a member to this club. The Paris Club usually coincides with the IMF program period.


  • 03 February, 2023

  • 5 Min Read

Paris Club

Paris Club

  • The Paris Club is probably going to provide the IMF with financial guarantees on the Sri Lankan debt.

More on the news:

  • A loose association of predominantly western creditor nations, the Paris Club.

  • It evolved from a gathering of Argentina's public creditors held in Paris in 1956.
  • Finding long-term debt relief options for nations unable to pay back bilateral loans is its main goal.
  • Members of the Organization for Economic Co-operation (OECD)
  • and Development is also a member of the Paris Club.
  • The following countries are members: Australia, Belgium, Canada, Denmark, Finland, France, Germany, Ireland, Israel, Japan, Netherlands, Norway, Russia, South Korea, Spain, Sweden, Switzerland, and the United States.
  • The Paris Club has negotiated 478 agreements with 102 different debtor nations since its founding, totaling $614 billion in handled debt.
  • According to the consensus and solidarity guiding principles of the Paris Club, any arrangement achieved with the debtor countries affects all Paris Club creditors equally.
  • Since China has become the greatest bilateral lender in the world, the club has lost some of its previous century-long dominance as a bilateral lender.
  • The three biggest bilateral creditors in Sri Lanka's case are China, Japan, and India, with Japan being a member of the Paris Club.

Source: Indian Express

Pradhan Mantri Suryodaya Yojana

Recently, Prime Minister announced Pradhan Mantri Suryodaya Yojana under which 1 crore households will get rooftop solar power systems. India’s Status of Current Solar Capacity India currently stands at 4th place globally in solar power capacity. As per Ministry of New an

Foreign Contribution Regulation Act (FCRA)- NGO 

The Foreign Contribution Regulation Act, 2010 (FCRA) registration of two prominent non-governmental organisations (NGOs) — Centre for Policy Research (CPR) and World Vision India (WVI) have been cancelled this month. What is FCRA? Key provisions of FCRA, 2010 Key aspects Description

Voice clone-AI

Voice clone fraud has been on the rise in India. AI voice cloning – It is the process of creating a synthetic replica of a person’s voice through machine learning and speech synthesis technology.It is called as voice deepfakesor audio deepfakes. Objective – To achieve a high level of na

Science communication- how to promote

Steps taken by India to promote Science Communication Publications and Information Directorate (PID) - An organisation under Council of Science and Industrial Research (CSIR) established in 1951 for publishing and disseminating scientific information in India. National science magazines- The PI

Universal Basic Income (UBI)- Analysis

Universal Basic Income (UBI) can strengthen welfare architecture and unlock the nation’s latent demographic potential. UBI - It is an income support mechanism typically intended to reach all or a very large portion of the population regardless of their earnings or employment status. Objective- To provide enough to co


Search By Date

Newsletter Subscription
SMS Alerts

Important Links