Paris Club

This group of countries meets to find ways to reschedule debts owed to them by other countries. Meetings are held in Paris and are chaired by a high French Treasury official. It likes to describe itself as a "noninstitution" in that the group is informal and has no legal basis. Still, up to mid-2002, nearly $400B in debts had been rescheduled through them. Their site describes their principles, their creditors, the negotiation sessions, and other details of their work.