Reactions to G20 announcement of Common Framework
Let us share with you Eurodad's reaction to the G20 announcement last friday on the "Common Framework for Debt Treatments: designed by and for creditors", echoing the general "not enough" feeling from the civil society reactions to the announcement.
In the meantime, below there's a compilation of reactions and analysis from CSOs on the new(ish) framework presented by the official creditors, media impacts and relevant institutional statements:
CSOs reactions to the announcement (please share if we've missed any):
- Jubilee USA: G20 Announces Debt Relief Process
- JDC analysis: The G20’s debt deal: Letting private lenders off the hook again (17 Nov) and reaction (13 Nov)
- Christian aid: G20 has taken a step forwards on debt but more needs urgently to be done, Christian Aid warns
- Erlassjahr: G20-FINANZMINISTERTREFFEN: EIN SCHWARZER FREITAG DER 13. FÜR VERSCHULDETE LÄNDER (G20 FINANCIAL MINISTERS MEETING: A BLACK FRIDAY 13TH FOR INDEBTED COUNTRIES)
Institutional documents
- Remarks by IMF Managing Director Kristalina Georgieva During a Virtual Extraordinary Meeting of G20 Finance Ministers and Central Bank Governors + Current sovereign debt challenges and priorities in the period ahead, interview with Ceyla Pazarbasioglu (Director of the IMF’s Strategy, Policy and Review Department)
Media impacts
- Devex - G20 releases debt framework details
- Agence France Press - G20 Declares Framework To Deepen Debt Relief For Poor Nations
The G20 Finance Ministers have just announced their ‘Common Framework for Debt Treatments’:
https://g20.org/en/media/Documents/English_Extraordinary%20G20FMCBG%20Statement%20of%20November%2013%20(003).pdf
Jubilee Debt Campaign’s initial reaction is here:
https://jubileedebt.org.uk/press-release/reaction-to-g20-common-framework-for-debt-treatments
The G20’s debt deal: Letting private lenders off the hook again
https://jubileedebt.org.uk/blog/the-g20s-debt-deal-letting-private-lenders-off-the-hook-again
AFRODAD's reaction on the website
https://www.afrodad.org/index.php/en/the-g20-should-urgently-initiate-a-sovereign-debt-restructuring-mechanism