Civil Services Examination · Question 4
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?
Show answer & explanation
Answer: (C) Both 1 and 2
Explanation
The Common Framework for Debt Treatments (2020) was agreed by the G20 and Paris Club to help low-income countries restructure unsustainable debt.