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<p>The UK has supported significant action on debt through the G20-Paris Club Debt
Service Suspension Initiative (DSSI). Preliminary estimates suggest the DSSI has suspended
over $12.7 billion in debt service repayments due by the poorest countries in the
world. In April 2021, the G20 and Paris Club endorsed a final extension of the DSSI
to the end of 2021.</p><p> </p><p>The DSSI was designed as a short-term initiative
to tackle the immediate financing needs of eligible countries. To deliver a longer-term,
more sustainable approach to dealing with debt vulnerabilities the UK, along with
the G20, also agreed a new Common Framework for Debt Treatments beyond the DSSI, designed
to provide more efficient, equitable and effective debt treatments. The UK is fully
committed to implementing the Common Framework in coordination with our international
partners. This will support those countries who request a debt treatment in returning
to a more fiscally sustainable path and support their development goals, including
responding to climate change.</p>
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