notable. The recent deal with the creditors of the Paris Club and the Argentinian Government on 28 and 29 May 2014 is a landmark deal where an arrangement was made to clear the debt in the arrears which are due to the creditors of the Paris Club in a span of 5 years. The deal covers some amount of $9.7 billion of debts by 30 April 2014. Additionally, there is flexible structure to get the arrears cleared with a minimum of $1,150 million by May 2015, with the payment due to be paid by May 2016. The debt accumulated for Argentina is due to the 2001-02 Argentinian default crises, where there is default amount of $132 billion. Criticism of the Paris Club Critics argue that the Paris Club is not transparent. In 2006, a significant number of non-governmental organizations have requested a change of rules of the Paris Club, especially for transparency. The Paris Club created a new website in 2009 which reiterated the terms of all treatment given to 90 debtor countries. Since 2008, the Paris Club has published an annual report. The report includes detailed data on claims that its members hold on foreign states. The total amount of debt to the Paris Club at the end of 2013, excluding late interest, amounted to $373.1 billion. This amount included $165.8 billion of ODA debts and $207.3 billion in non-ODA debts. See also London Club Debt of developing countries References External links Paris Club Official Website Articles Paris Club Agrees On Iraqi Debt Write-Off (washingtonpost.com) Paris Club agrees to cancel Liberian debt Intergovernmental organizations International economic organizations Government debt Organizations based in Paris International organizations based in France