A Common Framework was endorsed last week to facilitate an orderly debt treatment of DSSI-eligible countries, and is now being submitted for the approval of Leaders. These initiatives will remain under the lens of the Italian Presidency, as part of a broader effort to deal with debt-related issues, enhance global financial safety nets, and improve mechanisms for financing development.
* * * The policy response to the global economic jolt caused by the pandemic will necessarily continue to be at the centre of our agenda. The recovery that took hold in the third quarter of the 2/5  BIS central bankers' speeches  year, although vigorous, is partial and fragile.