Paris Club creditors plan steps over vulture funds

The politics of debt forgiveness

PARIS, May 23 (Reuters) - The Paris Club of official creditors said on Wednesday it would look at concrete steps to prevent aggressive investors buying poor countries' debt at a low price and then suing to recover large sums of money.
There is growing irritation among international development agencies and campaigners over the actions of "vulture funds", which buy up discounted debt, often of developing countries, and then sue the government for more money than they paid. More...