UPSC PRELIMS · ECONOMICS · SOVEREIGN DEBT RESTRUCTURING AND G20
With reference to the “G20 Common Framework”, consider the following statements: 1. It is an initiative endorsed by the G20 together with the Paris Club. 2. It is an initiative to support Low Income Countries with unsustainable debt. Which of the statements given above is/are correct?
Take a breath. Choose one. Press A–D on your keyboard if you like.
EXPLANATION
The Common Framework was endorsed by the G20 and Paris Club to coordinate debt treatments for eligible low-income countries facing unsustainable debt.
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