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With reference to the "G20 Common Framework", consider the following statements: 1. It is an initiative endorsed by the G20 together with the Paris Club. 2. It is an initiative to support Low Income Countries with unsustainable debt. Which of the statements given above is/are correct?

UPSC · 2022 · International Relations
Question:
With reference to the "G20 Common Framework", consider the following statements: 1. It is an initiative endorsed by the G20 together with the Paris Club. 2. It is an initiative to support Low Income Countries with unsustainable debt. Which of the statements given above is/are correct?

Options

1 only
2 only
Both 1 and 2
Neither 1 nor 2
Answer: Both 1 and 2

Explanation:
The G20 Common Framework for Debt Treatments, endorsed with the Paris Club, aims to coordinate debt relief for low-income countries with unsustainable debt burdens.

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