With respect to the Paris Club, consider the following statements:

It is a group of creditor countries.

India is a member.

All member countries are also members of Organization for Economic Co-operation and Development (OECD).

Which of the statements given above is/are correct?

Question

The Paris club is a group of mostly western creditor countries that grew from a 1956 meeting in which Argentina agreed to meet its public creditors in Paris.
It describes itself as a forum where official creditors meet to solve payment difficulties faced by debtor countries.
Their objective is to find sustainable debt-relief solutions for countries that are unable to repay their bilateral loans.
Members:
The members are: Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Ireland, Israel, Japan, Netherlands, Norway, Russia, South Korea, Spain, Sweden, Switzerland, the United Kingdom and the United States.
All 22 are members of the group called Organization for Economic Co-operation and Development (OECD).

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The Paris club is a group of mostly western creditor countries that grew from a 1956 meeting in which Argentina agreed to meet its public creditors in Paris.
It describes itself as a forum where official creditors meet to solve payment difficulties faced by debtor countries.
Their objective is to find sustainable debt-relief solutions for countries that are unable to repay their bilateral loans.
Members:
The members are: Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Ireland, Israel, Japan, Netherlands, Norway, Russia, South Korea, Spain, Sweden, Switzerland, the United Kingdom and the United States.
All 22 are members of the group called Organization for Economic Co-operation and Development (OECD).

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