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The G20's common framework for sovereign debt is a necessary and overdue first step toward addressing the fiscal crisis triggered by COVID19 in developing countries. Unlike the G20's previous response to the COVID19 debt crisis, the new framework brings both China and private-sector lenders on board.
The G20's common framework for sovereign debt is a necessary and overdue first step toward addressing the fiscal crisis triggered by COVID19 in developing countries. Unlike the G20's previous response to the COVID19 debt crisis, the new framework brings both China and private-sector lenders on board.
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