SUB-SAHARAN AFRICA: G20 Pushes Private Sector Involvement in Debt Restructuring


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On 14 October, G20 finance ministers and central bank governors (FMCBG) greenlit a six-month extension of the Debt Service Suspension Initiative (DSSI) through 30 June 2021. While the extension was widely expected, more significant may be that the FMCBG also announced an agreement, in principle, on a “Common Framework for Debt Treatments beyond the DSSI”. Spearheaded by the G7 and the Paris Club, the ‘common framework’ is supposed to be published at an extraordinary meeting ahead of the November G20 heads of states and governments meeting. While private sector participation under the c
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