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.
References in periodicals archive ?
The stock of international debt securities continued to grow, with positive net issuance in the first and second quarters of 2016.
BANKING AND CREDIT NEWS-June 30, 2014--Wells Fargo Securities Carter to head international debt syndicate
M2 EQUITYBITES-June 30, 2014--Wells Fargo Securities Carter to head international debt syndicate
MANILA -- The Philippines has achieved its first-ever investment grade rating after international debt watcher Fitch raised the country's rating to BBB- from BB+.
The figure represents the outstanding amount of international debt securities issued by both public and private institutions in the country.
Tunisia is reviewing plans to tap international debt markets this year pending an improvement in its ratings while a 2014 deadline for the full convertibility of its dinar currency may also be delayed, its central bank governor said.
Summary: As part of its commitment to offer value-added services to the business community, Dubai Chamber ties up with Coface Emirates Services for providing international debt collection services
Efforts by such groups as the Jubilee movement and work by governmental and non-governmental organizations to diminish the burden of international debt to poor countries has not been sufficient to significantly reduce want and poverty.
They fear people could be duped into sending cash to conmen based in mainland Europe claiming to be from an international debt collecting company.
Threatening letters from an international debt collection agency are being circulated in Huddersfield.
El Salvador legislators approved US$200 million in loans from multilateral lenders and will not need to tap international debt markets with a bond issue for now, reports Reuters (Aug.

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