The Paris Club of creditors countries was formed in 1956. It is an informal group of creditor governments from major industrialized countries. It holds negotiations with debtor countries to find coordinated and sustainable solutions to their payment difficulties and to agree on specific terms of restructuring of their debts. It also meets for a monthly "Tour d'Horizon" to overview pending issues concerning debtor countries.
http://www.odiousdebts.org/odiousdebts/index.cfm?DSP=content&ContentID=7909
Prairie
The Bush Administration took another major step forward this week in its plan to rebuild Iraq when it persuaded 18 other creditor nations to back off on debts owed to them by the former Iraqi regime. The move is expected to encourage foreign investments and expedite the reconstruction of Iraq's economy.
France and Germany, who opposed the war and were excluded from any prime rebuilding contracts, agreed to the measures despite a pessimistic forecast by Democrats who just recently denounced the rebuilding contract restrictions as detrimental to America's foreign policy.
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Justice, ping!