With reference to the "G20 Common Framework", consider the following statements :

Correct Option

Both statements 1 and 2 are correct, making option (c) the appropriate answer.

• Statement 1: The G20 Common Framework for Debt Treatment beyond the Debt Service Suspension Initiative (DSSI) was endorsed by the G20, in conjunction with the Paris Club, in November 2020. This initiative provides a structured approach for coordinated debt restructuring.
• Statement 2: The framework is specifically designed to assist Low-Income Countries (LICs) that are experiencing unsustainable debt levels. Its objective is to facilitate comprehensive and coordinated debt restructuring and relief from official bilateral creditors, while also seeking comparable treatment from private creditors.

Incorrect Options

• Option (a) is incorrect because statement 2 is also factually accurate.
• Option (b) is incorrect because statement 1 is also factually accurate.
• Option (d) is incorrect because both statements 1 and 2 are correct descriptions of the G20 Common Framework.