Analytics

Why the G20 ‘Common Framework’ for Debt Relief Isn’t Helping Poor Nations

Bloomberg reports more than half of the world’s low-income countries are at high risk of debt distress or are already in it, and several have defaulted.
Why the G20 ‘Common Framework’ for Debt Relief Isn’t Helping Poor Nations
But despite the world’s 20 largest economies having agreed in 2020 to a plan called the Common Framework to smooth the process of restructuring loans that governments could no longer afford to service or repay, progress toward actually providing relief has been slow. Delays have partly stemmed from disagreements between the rich countries that have traditionally guided sovereign debt restructurings... ...

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