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<p>The Government notes the statement by African Faith Leaders and we are working
with our G20 partners to ensure swift progress and effective implementation of debt
treatments under the Common Framework to deliver a long-term, sustainable approach
to dealing with debt vulnerabilities. The Paris Club and the G20 have been clear that
private creditors must participate in restructurings on terms at least as favourable
as those provided by the official sector.</p><p> </p><p>The UK is also championing
greater transparency around sovereign lending and borrowing, which plays an important
role in supporting the debt sustainability of developing countries. While adhering
to the G20 Operational Guidelines for Sustainable Financing and OECD sustainable lending
principles, the UK has also put addressing the nexus between climate and debt at the
top of its international agenda through pioneering the use of climate resilient debt
clauses (CRDCs).</p>
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