international debt


Also found in: Financial.

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.
Collins Dictionary of Sociology, 3rd ed. © HarperCollins Publishers 2000
References in periodicals archive ?
The firm has hired banks to issue the bonds and is re-entering international debt markets after putting previous bond plans on hold.
From July 18 to December 18, 2018, the amount of international debt has increased drastically.
Comprehensive assessment of the interbank, capital and debt markets, market participants, procedures and infrastructure, products, chances for banks to participate in international debt and capital markets will be maintained.
It uses data on short-term external and international debt outstanding, sovereign and corporate bond issuance data, syndicated loan deal data, and corporate balance sheet information on leverage and short-term debt and examines the role of country-level and global factors and the impact of corporate characteristics.
The government is expected to hit the international debt market before the end of the fiscal year in June for new debt and for funds to roll over the maturing $750 million five-year Eurobond tranche and a $250 million syndicated loan.
The deal is the first foray by a Bahraini entity into the international debt markets since the government obtained an aid package from its Gulf neighbours earlier this month.
Zambia's total stock of general government debt has more than doubled to 60% of GDP at end-2017, from 26% of GDP in 2013, as the country accessed international debt markets and Chinese funding to expand government infrastructure spending.
Bahrain's nogaholding has announced plans to issue international bonds, in the first venture by a Bahraini entity into the international debt markets since the Kingdom received aid package from its Gulf neighbours.
He noted that borrowing from the international debt market would be very costly as compared to the IMF but entering into IMF programme would leave100-day agenda unfulfilled and slow down the CPEC.
'Every penny will be recovered,' observed the chief justice, adding that the recovered money could be used to repay the international debt for which every citizen owed about Rs170,000.
May 31, 2018 (KHARTOUM) - Sudanese President Omer al-Bashir Thursday complained that his country is still is still under economic embargo and deprived of international debt cancellation for political reasons.

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