Context: India has taken the lead in facilitating debt discussions with global sovereign debt roundtable (GSDR), for the climate change programme at the New Delhi-based think tank Centre for Science and Environment (CSE).
Key Points of Declaration
o The Common Framework, initiated by the G20 in November 2020, aims to strengthen the international debt structure for the world's poorest nations by facilitating coordinated efforts among official creditors for timely and sustainable debt treatment.
Debt Restructuring: It is a strategy businesses, individuals, and nations employ to mitigate the potential of defaulting on their current financial obligations.
Global sovereign debt roundtable (GSDR):
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