quot Regarding the 39 G20 Common Framework 39 evaluate the following claims 1 The G20 Common Framew...........

Indian Economy (CDS) External Sector

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"Regarding the 'G20 Common Framework,' evaluate the following claims:

1. The G20 Common Framework is a joint initiative by the G20 and the Paris Club.

2. The purpose of the G20 Common Framework is to assist Low Income Countries facing unsustainable levels of debt.

Which of these statements is/are accurate?"

1 only

2 only

Both 1 and 2

Neither 1 nor 2

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Explanation:

The G20 Common Framework was indeed endorsed by the G20 in cooperation with the Paris Club. Its aim is to provide debt treatments to Low Income Countries that are experiencing unsustainable debt levels, thereby helping them achieve debt sustainability. It offers a structured approach for debt treatments beyond the Debt Service Suspension Initiative (DSSI), including options for debt reduction and reprofiling.