The Paris Club has declared its satisfaction at the agreement reached between the government and IMF regarding a USD 2.9 billion loan to be given over a period of 48 months. The loan will be made under the IMF’s Extended Fund Facility, which helps countries deal with balance of payments or cash flow problems. The Paris Club is an informal group of rich countries which have given loans to less developed countries. They seek to find solutions to the repayment difficulties experienced by those countries which invariably occur. The enlightened self-interest of the countries that constitute the Paris Club can be seen in their member countries’ provision of time, space, advice and more loans to ensure that the original loan obligations to their countries are respected.