international debt

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international debt

  1. the ‘amount of money which the government of a country, or its private institutions, owes to other countries, external banks or international agencies.
  2. the total amount of such debt in the world. This has become a major problem since the late 1970s for many THIRD WORLD countries, and some others, such as Poland, which have borrowed heavily on the international markets for more than a decade. Many countries have found difficulty in paying the interest on the debt. This means that the total amount of debt is not decreasing. In the late 1980s, this was seen as a major problem for prospective world trade and for economic growth in the Third World. In 1988, one of the most indebted countries, Brazil, owed $120 billion to external institutions and this had not declined by the mid-1990s. During the 1980s and 1990s many countries in Latin America and Africa adopted policies of structural adjustment involving balanced internal budgets and an increased focus on exports: these were often required by the International Monetary Fund. See also DEPENDENCY THEORY, DEPENDENT INDUSTRIALIZATION, UNEQUAL EXCHANGE.
References in periodicals archive ?
9 billion of the state debt is a foreign debt and about $770 million - internal debt.
Pakistan's total debt has increased to Rs 26,814 billion among which the country's foreign debt has had an additional increase of $88.
The CBE said that the foreign debt rate to GDP amounted to 36.
ISLAMABAD -- The Islamabad Chamber of Commerce and Industry (ICCI) has voiced grave concern over a constant increase in Pakistan's foreign debt that has swelled more than 41% over the past four years.
ISLAMABAD -- The Islamabad Chamber of Commerce and Industry has shown great concerns over the constant rise in foreign debt which has increased by more than 41 percent during the last four years and called upon the government to focus on generating indigenous resources to reduce heavy reliance on foreign debt as the increasing foreign debt would further hike the cost of debt servicing and constrain the economic growth of the country.
Meanwhile, the Islamabad Chamber of Commerce and Industry has shown great concerns over the constant rise in foreign debt which has increased by more than 41 percent during the last four years.
The CBE's statement showed that the size of Egypt's foreign debt increased by $19.
The country's foreign debt stock as of end-September slightly declined quarter-on-quarter to $76.
The ratio of short-term foreign debt to foreign reserves stood at 29.
The National Bank has measured that Macedonia's foreign debt reached the historically highest level at the end of the second quarter this year of 6.
He said as per SBP figures, Pakistan's total foreign debt has increased to Rs.
Total gross foreign debt at end-May was equivalent to 76.

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