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Brief
'The International Development and Finance Act of 1989 aims to reauthorize tied aid credit funds, participate in international bank replenishments, and encourage environmentally sustainable lending practices. The Export-Import Bank is prohibited from guaranteeing credit to certain countries unless conditions are met. Debt-for-development swaps are encouraged to reduce external debt burdens while promoting economic growth. Annual reports will be submitted on loan proposals, environmental impact assessment, and human rights considerations in recipient countries.'
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