A Victory for Transparency

Here at ONE we love a good news story and this is a mini-victory for transparency!

The Paris Club of creditor nations has published the list of its debt claims on individual countries. Although people have long argued for this, it’s the first time they have published this information. This is a great step forwards in terms of transparency and gives the public an opportunity to look at the figures.

The Paris Club, originating in 1956, is an informal group made up of finance officials from 19 of the world’s richest countries. According to their website their role is “to find co-ordinated and sustainable solutions to the payment difficulties experiences by debtor nations”.

In April 2006, Nigeria became the first African country to fully pay off its debt (estimated $30 billion) owed to the Paris Club.

You can view the list of Paris Club’s debt claims here.
-Jessica Gomez-Duran, UK ONE Media Assistant