The Paris Club has since created a new website in 2009, which reiterates the terms of all treatments given to 90 debtor countries.
42.
As a result of World War 1 the United States, which had been a net debtor country, had become a net creditor by 1919.
43.
But if it does default, some analysts worry that the Brady bonds issued by other debtor countries will also be tarnished, scaring investors away.
44.
A benefit of bilateral swaps is that the debtor country does not have to have had defaulted on its loans before funds become available.
45.
The program, drafted in cooperation with the International Monetary Fund and the World Bank, would provide additional financial and technical support to debtor countries.
46.
Once creditors agree on a treatment, the chairman of the meeting will then present this proposed treatment to the delegation of the debtor country.
47.
Brady bonds are named for former U . S . Treasury Secretary Nicholas Brady, who proposed the bonds to reduce debtor countries'unpaid bank obligations.
48.
A press release mutually agreed to by the creditors and the debtor country representatives is released for publication upon completion of the negotiation session.
49.
After responding to any questions, the delegation of the debtor country then leaves the main room and stays in another room during the entire session.
50.
In many cases, several Paris Club debt treatments were required in fairly quick succession to help the debtor country to exit the cycle of rescheduling.
