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

1. It is an initiative endorsed by the G20 together with the Paris Club.

2. It is an initiative to support Low Income Countries with unsustainable debt.

Which of the statements given above is/ are correct?

a) 1 only
b) 2 only
c) Both 1 and 2
d) Neither 1 nor 2