Q4.
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?
Answer
C
Explanation
The Common Framework for debt treatment beyond the DSSI is an initiative endorsed by the G20, together with the Paris Club, to support low income countries with unsustainable debt. It is a way to temporarily ease the financing constraints for these countries and free up scarce money to mitigate the human and economic impact of the COVID-19 crisis. Both statements 1 and 2 are correct.