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FINANCE: At 50, Is the Paris Club a Colonial Relic?

Analysis by Emad Mekay

WASHINGTON, Jun 20 (IPS) - In a recent statement on
the 50th anniversary of the Paris Club, a powerful
creditors' cartel based in France, anti-debt groups
described the club's policies toward borrowing nations
as "medieval". But some say the word "colonial" is
equally fitting.
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