Expert contributions
Autor: Ivan Milenković PhD, Dragana Milenković PhD
JEL: F53
Summary: Club de Paris and London Club are informal organizations founded due to the problems that a certain number of countries faced when they were unable to repay their foreign loans. Instead of competing among themselves about the priority of getting their funds back, the banks decided to act jointly, sometimes with the help of their respective governments. The paper deals with the practice of Club de Paris and London Club, as well as the procedures and operational characteristics of these informal groups.