What does the term 'policy cartel on debt reduction' signify?

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Evaluating borrowers according to their geographic regionThe World Bank mandating that less developed countries, endorsed by developed countries, receive debt reliefRefusing loans to heavily indebted nations experiencing financial crisesNone of the above

Explanation

Option A suggests regional screening of debtors, option B involves World Bank conditions for debt reduction, and option C refers to loan denial for crisis-hit countries. However, none of these accurately describe the policy cartel on debt reduction, making option D the correct choice.