1/ The Paris Club makes decisions on a case by case basis in order to permanently adjust itself to the individuality of each debtor country.
2/ Consensus : no decision can be taken within the Paris Club if it is not the result of a consensus among the participating creditor countries.
3/ Conditionality : debt treatments are applied only for countries that need a rescheduling and that implement reforms to resolve their payment difficulties. In practice conditionality is provided by the existence of an appropriate programme supported by the IMF, which demonstrates the need for debt relief.
4/ Solidarity : Creditors agree to implement the terms agreed in the context of the Paris Club.
5/ The Paris Club preserves the comparability of treatment between different creditors, as the debtor country cannot grant to another creditor a treatment less favourable for the debtor than the consensus reached in the Paris Club.
