The Paris Club, created in 1956, is a group of creditors that provides debt reduction or payment postponement to some countries.

巴黎俱乐部创立于1956年，是一家为一些国家提供债务减除或延期还款服务的债权人组织。

Yet, the continued relevance of the Paris Club, could hinge on China’s co-operation.

然而，巴黎俱乐部的持续相关性可能取决于中国的合作。

A debtor country, when seeking relief from other non-Paris Club members, should also do so on comparable terms arranged with the group.

债务国在向其他非巴黎俱乐部成员寻求救济时，也应按照与该集团安排的可比条件这样做。

The Paris Club provides help by either canceling debt outright or rescheduling payments over a longer period.

巴黎俱乐部通过直接取消债务或在更长期限内重新安排付款来提供帮助。

Ultimately, the Paris club wrote off 80%of Iraq’s debt, providing fresh ground for the country to rebuild.

最终，巴黎俱乐部注销了伊拉克 80% 的债务， 为该国的重建提供了新的基础。

For emerging economies facing trouble in fulfilling their debt repayments, this is where the Paris Club steps in.

对于在偿还债务方面面临困难的新兴经济体， 这正是巴黎俱乐部介入的地方。

The Paris Club usually meets 10 times a year, bringing together debtor and creditor countries to negotiate new debt plans.

巴黎俱乐部通常每年召开 10 次会议，召集债务国和债权国商讨新的债务计划。

Members of the Paris Club then tailor their decisions to the needs of each country they deal with, rather than adopting a one-size-fits-all approach.

巴黎俱乐部的成员然后根据他们打交道的每个国家的需要调整他们的决定，而不是采用一种放之四海而皆准的方法。

It was in this spirit that the Paris Club members agreed to reduce debts for the poorest countries by a third for the first time in 1988.

正是本着这种精神，巴黎俱乐部成员于 1988 年首次同意将最贫穷国家的债务减少三分之一。

The Asian giant has become a major creditor in the decades since the Paris Club was established, but prefers to deal with its debtors on its terms.

自巴黎俱乐部成立以来的几十年里， 这个亚洲巨人已成为主要债权人，但更愿意按照其条款与债务人打交道。

For low-income countries seeking debt relief, China’s absence from the Paris Club complicates debt repayments while undermining the coordinated action needed to recover from the Covid-19 recession.

对于寻求债务减免的低收入国家而言， 中国缺席巴黎俱乐部使债务偿还变得复杂，同时破坏了从 Covid-19 衰退中恢复所需的协调行动。

Iraq would later turn to the Paris Club for help, and in a twist of fate the U.S. pushed to write off around 90% of the war-torn nation’s debts.

伊拉克后来向巴黎俱乐部寻求帮助， 在命运的转折中，美国推动注销了这个饱受战争蹂躏的国家约 90% 的债务。

Whether the Paris Club can find its voice amidst the global debt tsunami and the rise of China’s economic might will impact the lives of millions in the years to come.

巴黎俱乐部能否在全球债务海啸和中国经济实力的崛起中发出自己的声音，将在未来几年影响数百万人的生活。