The accumulation of international debt increased the debt service requirements of the indebted countries.After the debt crisis began,this caused

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The accumulation of international debt increased the debt service requirements of indebted countries. When the debt crisis began, the indebted countries adopted strongly contractionary policies to reduce consumption and government deficits, and this caused further economic hardship. These policies were implemented to reduce the debt service requirements of the indebted countries and to restore confidence in their economies. However, these policies also led to a reduction in economic activity and increased poverty, which further exacerbated the debt crisis.

The Accumulation of International Debt Increased the Debt Service Requirements