SACE is part of the Italian delegation to the Paris Club, co-chaired by the Ministry of Economy and Finance and by the Ministry of Foreign Affairs and International Cooperation. The Paris Club is an informal group of 22 official sovereign creditors and is the main forum for restructuring official bilateral debt in response to payment difficulties experienced by sovereign debtor countries, including commercial loans guaranteed by export credit agencies. SACE-guaranteed loans with sovereign counterparties are eligible for treatment and restructuring in the Paris Club in the event of a borrower country default. Usually, this opportunity has a positive impact on the overall recovery process which is directly dealt with the debtor country itself willing to reach an agreement with all the international creditors. In addition, the G20 and the Paris Club members also agreed in November 2020 on the Common Framework for Debt Treatment, an initiative to provide structural support to low-income countries with unsustainable debt. Under the Common Framework, debt treatment will be considered on a case-by-case basis, based on requests from eligible debtor countries that are willing to put in place long-term sustainable debt service solutions.

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