With reference to the G20 Common Framework, consider the following statements:It is an initiative en

Question

With reference to the G20 Common Framework, consider the following statements:It is an initiative endorsed by the G20 together with the Paris Club.It is an initiative to support Low Income Countries with unsustainable debt.Which of the statements given above is/are correct?

Accepted Answer

The Common Framework for debt treatment beyond the DSSI (Common Framework) is an initiative endorsed by the G20, together with the Paris Club, to support, in a structural manner, low income countries with unsustainable debt. It is a way to temporarily ease the financing constraints for these countries and free up scarce money that they can instead use to mitigate the human and economic impact of the COVID-19 crisis.Hence both statements 1 and 2 are correct.