Eurodad analysis - The G20 “Common Framework for Debt Treatments beyond the DSSI”
The G20 is engaged in discussions to define the details of a "Common Framework for Debt Treatments Beyond the DSSI". The framework aims to address the problem of unsustainable debts faced by many countries in the aftermath of the Covid-19 pandemic. A decision on the Common Framework is expected to take place on November 13th, ahead of the Riyadh G20 Leaders’ Summit in three weeks.
Eurodad has prepared two articles to explain the expected agreement on the Common Framework and its implications for developing countries.Part I describes the likely structure of the Common Framework in the context of Paris Club debt relief mechanisms.
Part II analyses why a Paris Club-based approach to the post Covid-19 debt relief is unlikely to succeed.