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DEBT RESTRUCTURING UNDER THE G20 COMMON FRAMEWORK AND ALTERNATIVE POLICY SOLUTIONS
The document critiques the G20 Common Framework and prior initiatives like HIPC, MDRI, and DSSI, claiming they provide minimal relief while encouraging new borrowing. It highlights the negative impact of credit rating agency biases and the lack of private creditor participation. The authors propose a shift toward an African-led financial system, including a gold-backed currency called the African Financial Asset (AfA), and call for unconditional debt cancellation.
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Document type: Research paper
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