This is not only because the Paris Club is an important forum that has made a major contribution in the area of orderly debt restructuring, but also because I have of course a lot of personal memories of the long time – from 1982 until 1993 – that I spent actively participating in its activities, together with a lot of close friends from all over the world.
The Paris Club, which is responsible for the rescheduling of official bilateral credits to developing and emerging market economies, has played a remarkable role as a forum for crisis management and resolution.