With reference to the "G20 Common Framework", consider the following statements: 1. It is an initiative…
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?
1 only
2 only
Both 1 and 2
Neither 1 nor 2
Solution
The G20 Common Framework for Debt Treatments beyond the DSSI was endorsed by the G20 and the Paris Club in November 2020, to support Low Income Countries facing unsustainable debt situations.