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  • The Paris Club, 1956-1980

    The Emergence of a Third Bretton Woods Sister

    Not long after the 1944 creation of the core Bretton Woods institutions--the World Bank and the International Monetary Fund--another international organization emerged to address the growing issue of sovereign debt: the Paris Club. The creditor-led international mechanism for restructuring developing-country debt was not alone at its genesis. Various creditor forums competed vigorously for ... Read more

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