London Club

London Club

An informal group of private creditors on the international stage. Similar to the Paris Club of public lenders. London Club is not the only informal group of private creditors. Its first meeting took place in 1976 in response to Zaire's payment problems.

Russia's London Club debt as of 2004 is US$ 21.2 billion ( [http://pnwcgs.pnl.gov/ProgramAreas/DfN/DebtFigs.htm Russia's total external debt] ).

External links

* [http://www.iif.com/ipi/sovereign.quagga Debt Restructuring Clubs] , at [http://www.iif.com/ The Institute of International Finance] .


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