The Paris Club is an informal group of 22 official sovereign creditors whose role is to propose coordinated and sustainable solutions in response to payment difficulties experienced by debtor countries. Depending on the specific economic circumstances, the Paris Club may provide debt rescheduling and/or debt reduction.
Since its establishment in 1956, the Paris Club became the principal forum for restructuring official bilateral debt, reaching 433 agreements with 90 different debtor countries for a total debt treated amounting $583 Bn.
SACE forms part of the Italian delegation to the Paris Club, headed by the Ministry of Foreign Affairs and International Cooperation and by the Ministry of Economy and Finance. The Paris Club activity is organized around monthly sessions at the French Treasury in Paris.