UPDATE 1 — Key debt roundtable says it examined ways to mitigate risks of Total Return Swaps

(Updates throughout with details) BANGKOK, Oct 14 (Reuters) — A key global debt roundtable said on Wednesday it had discussed ways to mitigate the risk of Total Return Swap financial instruments, although participants said these derivatives can "significantly complicate a debt restructuring." The Global Sovereign Debt Roundtable (GSDR), which is responsible for improving the G20's Common Framework, released its progress report on the sidelines of the IMF-World Bank annual meetings in Bangkok. The Common Framework was developed in 2020 to speed up debt restructurings in low-income countries, but has drawn criticism following protracted processes in Zambia and Ghana TRS are derivative contracts used by nations, including Senegal, to raise money, but they have attracted controversy due to transparency concerns Senegal is in the midst of a debt treatment that aims to return its finances to a sustainable trajectory and the treatment of its TRS has been a key question The GSDR also said it "saw merit" in taking lessons from the Common Framework for countries not eligible for the platform The GSDR paper specifically cited hopes to "foster official bilateral creditor coordination" on a cas