If you have wondered what the Paris Club Refunds and the state allocations and looting scandal has been about, we’ve got you covered.

Here is a broken down summary of the Paris Club, the Paris Cub Refunds and the on going looting scandal that has resulted from the ongoing refunds.

1. The Paris Club is a group of 22 creditor countries who sit to profer solutions on how debtor nations can pay off loans.

2. It is not a government institution and so doesn’t exactly have a set of rules or constitution guiding its operations.

3. Debtor nations are countries who have more invested in them they have invested in other countries. Nigeria is one of them.

4. It helps renegotiate debts either by offering debt relief (postponing doomsday) or actually cancels debts for nations where they see focused
and aggressive economic reforms in place.


Read full article: http://amore.ng/the-paris-club-refund-for-those-who-do-not-know/

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