{"id":92012,"date":"2025-06-01T11:12:07","date_gmt":"2025-06-01T11:12:07","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=92012"},"modified":"2025-06-01T11:12:07","modified_gmt":"2025-06-01T11:12:07","slug":"with-reference-to-the-g20-common-framework-consider-the-following-s","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/with-reference-to-the-g20-common-framework-consider-the-following-s\/","title":{"rendered":"With reference to the &#8220;G20 Common Framework&#8221;, consider the following s"},"content":{"rendered":"<p>With reference to the &#8220;G20 Common Framework&#8221;, consider the following statements:<\/p>\n<ul>\n<li>It is an initiative endorsed by the G20 together with the Paris Club.<\/li>\n<li>It is an initiative to support Low Income Countries with unsustainable debt.<\/li>\n<\/ul>\n<p>Which of the statements given above is\/are correct ?<\/p>\n<p>[amp_mcq option1=&#8221;1 only&#8221; option2=&#8221;2 only&#8221; option3=&#8221;Both 1 and 2&#8243; option4=&#8221;Neither 1 nor 2&#8243; correct=&#8221;option3&#8243;]<\/p>\n<div class=\"psc-box-pyq-exam-year-detail\">\n<div class=\"pyq-exam\">\n<div class=\"psc-heading\">This question was previously asked in<\/div>\n<div class=\"psc-title line-ellipsis\">UPSC IAS &#8211; 2022<\/div>\n<\/div>\n<div class=\"pyq-exam-psc-buttons\"><a href=\"\/pyq\/pyq-upsc-ias-2022.pdf\" target=\"_blank\" class=\"psc-pdf-button\" rel=\"noopener\">Download PDF<\/a><a href=\"\/pyq-upsc-ias-2022\" target=\"_blank\" class=\"psc-attempt-button\" rel=\"noopener\">Attempt Online<\/a><\/div>\n<\/div>\n<section id=\"pyq-correct-answer\">\nStatement 1 is correct. The G20 Common Framework for Debt Treatments beyond the DSSI was agreed upon by the G20 and the Paris Club (an informal group of official creditors, mostly high-income countries) in November 2020. It provides a structure for coordinated debt restructuring for eligible countries.<br \/>\nStatement 2 is correct. The Common Framework is specifically designed to help Low-Income Countries (LICs) that are eligible for the World Bank-IMF&#8217;s Debt Service Suspension Initiative (DSSI) and have unsustainable debt burdens. It aims to provide debt relief beyond temporary suspension, on a case-by-case basis, in a coordinated manner involving both official and private creditors.<br \/>\n<\/section>\n<section id=\"pyq-key-points\">\nThe G20 Common Framework is an international initiative to address the debt vulnerability of low-income countries exacerbated by global shocks like the COVID-19 pandemic. It involves key creditors like G20 and Paris Club members.<br \/>\n<\/section>\n<section id=\"pyq-additional_information\">\nThe framework encourages comparable treatment from private creditors to ensure fair burden sharing. Implementation has faced challenges, including delays in setting up creditor committees and coordinating diverse creditor bases.<br \/>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>With reference to the &#8220;G20 Common Framework&#8221;, consider the following statements: It is an initiative endorsed by the G20 together with the Paris Club. It is an initiative to support Low Income Countries with unsustainable debt. Which of the statements given above is\/are correct ? [amp_mcq option1=&#8221;1 only&#8221; option2=&#8221;2 only&#8221; option3=&#8221;Both 1 and 2&#8243; option4=&#8221;Neither &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"With reference to the &#8220;G20 Common Framework&#8221;, consider the following s\" class=\"read-more button\" href=\"https:\/\/exam.pscnotes.com\/mcq\/with-reference-to-the-g20-common-framework-consider-the-following-s\/#more-92012\">Detailed Solution<span class=\"screen-reader-text\">With reference to the &#8220;G20 Common Framework&#8221;, consider the following s<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1092],"tags":[1108,1226],"class_list":["post-92012","post","type-post","status-publish","format-standard","hentry","category-upsc-ias","tag-1108","tag-external-sector-of-economy","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>With reference to the &quot;G20 Common Framework&quot;, consider the following s<\/title>\n<meta name=\"description\" content=\"Statement 1 is correct. The G20 Common Framework for Debt Treatments beyond the DSSI was agreed upon by the G20 and the Paris Club (an informal group of official creditors, mostly high-income countries) in November 2020. It provides a structure for coordinated debt restructuring for eligible countries. Statement 2 is correct. The Common Framework is specifically designed to help Low-Income Countries (LICs) that are eligible for the World Bank-IMF&#039;s Debt Service Suspension Initiative (DSSI) and have unsustainable debt burdens. It aims to provide debt relief beyond temporary suspension, on a case-by-case basis, in a coordinated manner involving both official and private creditors. The G20 Common Framework is an international initiative to address the debt vulnerability of low-income countries exacerbated by global shocks like the COVID-19 pandemic. It involves key creditors like G20 and Paris Club members.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/with-reference-to-the-g20-common-framework-consider-the-following-s\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"With reference to the &quot;G20 Common Framework&quot;, consider the following s\" \/>\n<meta property=\"og:description\" content=\"Statement 1 is correct. The G20 Common Framework for Debt Treatments beyond the DSSI was agreed upon by the G20 and the Paris Club (an informal group of official creditors, mostly high-income countries) in November 2020. It provides a structure for coordinated debt restructuring for eligible countries. Statement 2 is correct. The Common Framework is specifically designed to help Low-Income Countries (LICs) that are eligible for the World Bank-IMF&#039;s Debt Service Suspension Initiative (DSSI) and have unsustainable debt burdens. It aims to provide debt relief beyond temporary suspension, on a case-by-case basis, in a coordinated manner involving both official and private creditors. The G20 Common Framework is an international initiative to address the debt vulnerability of low-income countries exacerbated by global shocks like the COVID-19 pandemic. 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The G20 Common Framework for Debt Treatments beyond the DSSI was agreed upon by the G20 and the Paris Club (an informal group of official creditors, mostly high-income countries) in November 2020. It provides a structure for coordinated debt restructuring for eligible countries. Statement 2 is correct. The Common Framework is specifically designed to help Low-Income Countries (LICs) that are eligible for the World Bank-IMF's Debt Service Suspension Initiative (DSSI) and have unsustainable debt burdens. It aims to provide debt relief beyond temporary suspension, on a case-by-case basis, in a coordinated manner involving both official and private creditors. The G20 Common Framework is an international initiative to address the debt vulnerability of low-income countries exacerbated by global shocks like the COVID-19 pandemic. It involves key creditors like G20 and Paris Club members.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/exam.pscnotes.com\/mcq\/with-reference-to-the-g20-common-framework-consider-the-following-s\/","og_locale":"en_US","og_type":"article","og_title":"With reference to the \"G20 Common Framework\", consider the following s","og_description":"Statement 1 is correct. The G20 Common Framework for Debt Treatments beyond the DSSI was agreed upon by the G20 and the Paris Club (an informal group of official creditors, mostly high-income countries) in November 2020. It provides a structure for coordinated debt restructuring for eligible countries. Statement 2 is correct. The Common Framework is specifically designed to help Low-Income Countries (LICs) that are eligible for the World Bank-IMF's Debt Service Suspension Initiative (DSSI) and have unsustainable debt burdens. It aims to provide debt relief beyond temporary suspension, on a case-by-case basis, in a coordinated manner involving both official and private creditors. The G20 Common Framework is an international initiative to address the debt vulnerability of low-income countries exacerbated by global shocks like the COVID-19 pandemic. It involves key creditors like G20 and Paris Club members.","og_url":"https:\/\/exam.pscnotes.com\/mcq\/with-reference-to-the-g20-common-framework-consider-the-following-s\/","og_site_name":"MCQ and Quiz for Exams","article_published_time":"2025-06-01T11:12:07+00:00","author":"rawan239","twitter_card":"summary_large_image","twitter_misc":{"Written by":"rawan239","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/exam.pscnotes.com\/mcq\/with-reference-to-the-g20-common-framework-consider-the-following-s\/","url":"https:\/\/exam.pscnotes.com\/mcq\/with-reference-to-the-g20-common-framework-consider-the-following-s\/","name":"With reference to the \"G20 Common Framework\", consider the following s","isPartOf":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#website"},"datePublished":"2025-06-01T11:12:07+00:00","dateModified":"2025-06-01T11:12:07+00:00","author":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209"},"description":"Statement 1 is correct. The G20 Common Framework for Debt Treatments beyond the DSSI was agreed upon by the G20 and the Paris Club (an informal group of official creditors, mostly high-income countries) in November 2020. It provides a structure for coordinated debt restructuring for eligible countries. Statement 2 is correct. The Common Framework is specifically designed to help Low-Income Countries (LICs) that are eligible for the World Bank-IMF's Debt Service Suspension Initiative (DSSI) and have unsustainable debt burdens. It aims to provide debt relief beyond temporary suspension, on a case-by-case basis, in a coordinated manner involving both official and private creditors. The G20 Common Framework is an international initiative to address the debt vulnerability of low-income countries exacerbated by global shocks like the COVID-19 pandemic. 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