(Bloomberg) -- Paris Club members, a group of
creditor nations including France, Canada, Germany and Italy,
will avoid selling claims on debt owed by poor countries to so-
called vulture investors who sue to recover larger payouts.
``These actions freeride on the debt cancellation granted by
other creditors and thus divert resources from poverty reduction
expenditures in the debtor country,'' the organization said in a
statement yesterday. The informal grou, formed in 1956, meets
monthly with debtor nations on the restructuring of obligations.
Read more at Bloomberg Emerging Markets News
creditor nations including France, Canada, Germany and Italy,
will avoid selling claims on debt owed by poor countries to so-
called vulture investors who sue to recover larger payouts.
``These actions freeride on the debt cancellation granted by
other creditors and thus divert resources from poverty reduction
expenditures in the debtor country,'' the organization said in a
statement yesterday. The informal grou, formed in 1956, meets
monthly with debtor nations on the restructuring of obligations.
Read more at Bloomberg Emerging Markets News
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