G20’s Common Framework for Debt Treatments & G20’s Debt Service Suspension Initiative ( DSSI )
The G20’s Common Framework for Debt Treatments: The G20’s Common Framework for Debt Treatments beyond the Debt Service Suspension Initiative (DSSI), known as the Common Framework (CF), was launched in November 2020. Its main aim is to strengthen the international debt architecture for the world’s poorest countries. The framework provides a support structure for official creditor coordination to facilitate timely, orderly, and durable debt treatment and to forge the principles of fair burden-sharing across official and private sector creditors. Only three debtor countries have so far requested treatment under the Common Framework (Chad, Zambia, and Ethiopia) and the process for each of these countries has suffered delays. Limited private sector participation has contributed to the delays. The G20’s Debt Service Suspension Initiative (DSSI): The G20’s Debt Service Suspension Initiative (DSSI), launched in April 2020, further illustrates the challenges of private sector participation in i