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Debt Overhaul Under G20 Common Framework
February 5 , 2021
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- Chad has become the first country to officially request a debt restructuring under a new common framework.
- It is also known as “G20 Common Framework” or “Common Framework for Debt Treatments beyond the Debt Service Suspension Initiative (DSSI).
- It was introduced by China and other Group of 20 countries last year with the help of the Paris Club.
- Paris Club is a group of officials from major creditor countries
- This Club was established in1956.
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