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China and the G20’s New “Common Framework” For Debt Relief

One of the highlights from the latest G20 summit was the group’s endorsement of a so-called “common framework” that would create a set of standards for countries not eligible for the Debt Service Suspension Initiative (DSSI). Officials at the U.S. Treasury who championed the idea said the new framework was also designed to address some of the shortcomings in the DSSI namely the lack of participation by the private sector and certain Chinese creditors.

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