Today, however, several (though not all) emerging-market countries are benefiting from years of considerable efforts to reduce their financial vulnerability by accumulating huge amounts of international reserves. They have also paid back a significant share of external debt and converted much of what remains into more manageable local-currency liabilities.
但是，多年来，不少（虽然不是全部）新兴市场国家在降低金融脆弱性方面取得了长足的进步，他们积累起了巨大的国际储备，这使得它们获益良多。它们还偿还了大部分外部债务，剩余部分也大多转换为了更易管理的本币债务。