[amp_mcq option1=”1 only” option2=”2 only” option3=”Both 1 and 2″ option4=”Neither 1 nor 2″ correct=”option3″]<\/p>\n
The correct answer is (c).<\/p>\n
The G20 Common Framework is an initiative endorsed by the G20 together with the Paris Club to support Low Income Countries with unsustainable debt. It was launched in October 2020 in response to the COVID-19 pandemic, which has exacerbated the debt problems of many low-income countries.<\/p>\n
The Framework provides a comprehensive approach to debt restructuring, including debt service suspension, debt relief, and debt restructuring. It is designed to be flexible and tailored to the specific needs of each country.<\/p>\n
The Framework has been welcomed by many low-income countries, as it provides them with a much-needed lifeline. However, it has also been criticized by some, who argue that it does not go far enough in addressing the debt problems of these countries.<\/p>\n
Overall, the G20 Common Framework is a positive development, but it remains to be seen whether it will be effective in addressing the debt problems of low-income countries.<\/p>\n
Statement 1 is correct. The G20 Common Framework is an initiative endorsed by the G20 together with the Paris Club.<\/p>\n
Statement 2 is also correct. The G20 Common Framework is an initiative to support Low Income Countries with unsustainable debt.<\/p>\n
Therefore, both statements are correct.<\/p>\n","protected":false},"excerpt":{"rendered":"
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