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The International Monetary Fund and the World Bank required – as a condition for new lending and for refinancing the debts – reduction of public spending.
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(James Feyrer and Bruce Sacerdote) Debt reduction without default?
Much household-debt reduction still lies ahead.
Debt reduction took place in two stages.
How debt reduction occurs is also important.
"Debt reduction for developing nations".
Africa has gained substantially from debt reduction.
"But debt reduction is too slim.
The economic effect is less debt reduction.
That money is going to debt reduction.
Nobody doubts that this entails a significant debt reduction.
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