The London Club

The London Club is an informal group of private banks and financial institutions that began in the 1980s. It focuses on discussing and negotiating issues related to debt restructuring for developing countries. When countries struggle to repay loans, they often turn to the London Club to reach agreements on reducing or rescheduling their debts, making it easier for them to manage their finances. The group plays a significant role in international finance, impacting global economic stability and development. Its decisions can influence not only the involved countries but also the financial institutions and markets connected to them.