In India, Government revived borrowing at market rates in 1992-93, and most of the new maturities were compressed below 10 years.
This means that when a country agrees to do something, it has to implement the agreement. The more credible a country is, the more patient creditors can be and the more trust they can show. That goes for all countries: if a government is trusted, it doesn’t mean so much if an agreed figure is not reached exactly in a year.