In the 1990s, the international debt problem was greatly reduced by:

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The international debt problem was greatly reduced through debt restructuring, which involved deferring debt payments, reducing interest rates, and extending repayment periods. This allowed debtor countries to better manage their debt and avoid default. Equilibrium accounting and widespread refusal to pay interest on all debt were not effective solutions, and military intervention is not a viable option for solving debt problems.

In the 1990s, the International Debt Problem Was Greatly Reduced