To succeed, all six of the AU's G20 priorities depend on improving the fiscal health of indebted countries.
The Common Framework initially sought to facilitate structured debt relief, ensuring that countries eligible for the Debt Service Suspension Initiative could manage and repay their debts. The DSSI, launched in 2020, temporarily suspended debt service payments for poor countries to help them manage the economic impact of the pandemic. When the DSSI expired in 2021, countries became dependent on the Common Framework for support.
The Common Framework focuses mainly on official bilateral creditors and doesn't require private creditors to participate. Although it encourages similar treatment from private creditors, their involvement is voluntary and not enforceable. This makes comprehensive debt restructuring difficult, especially in Africa, where 43% of external
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