G20 agrees ‘common framework’ on debt relief
Leaders welcome decision, but criticise private sector for failure to act
The G20 has struck a deal on a common framework for extending more generous debt relief to the countries struggling most with Covid-19.
Following a summit on November 22, leaders endorsed the ‘Common Framework for Debt Treatments beyond the DSSI’, which will allow bilateral debt relief that goes beyond the Debt Service Suspension Initiative.
International Monetary Fund chief Kristalina Georgieva says the agreement could help countries tackle unsustainable debts through permanent debt relief
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