Foreign Debt

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Foreign Debt

The debt one government owes to a foreign government or corporation. Foreign debt may occur when one buys the debts securities issued by another government. While foreign debt can be advantageous because it may allow a country to finance its development or other government functions, a government owing too much foreign debt (or too much debt generally) may find itself beholden to another country. It is also called external debt or international debt. See also: Debt crisis.
References in periodicals archive ?
As for Tajikistan, we have similar internal and external debts.
The Prime Minister noted it was an answer to the question whether external debts of the country were growing: Despite the fact that we receive financial aid from our Western partners, that we receive additional financial resource, we manage to repay our debts and reduce the total amount of the sovereign and sovereign guaranteed debt .
Arseniy Yatsenyuk reminded that the government team had been engaged in the negotiations on restructuring and cancellation of the external debt in the past six months: The Ukrainian Parliament could have supported with the constitutional majority the law on restructuring of external debts of Ukraine"
He referred to the public external debts of the West European countries, which near 100% of GDP, in Japan this proportion makes 140%.
This came in a briefing he gave in Madrid to Sudan ambassadors to Spain, Switzerland, France, the Netherlands and Italy and members of the Sudanese diplomatic corps, in presence of the Minister at the Presidency of the Republic, officials concerned with Sudan external debts and Sudanese diplomats.
Madrid, June 1 (SUNA) - The Foreign Minister, Ali Karti, has given a directive for mobilization of the diplomatic efforts for solution of the external debt issue.
The theoretical literature has summarised the following channels namely debt overhang, liquidity constraint, fiscal effect, productivity suppression and reduction in human capital accumulation along which external debts affects negatively growth [see Krugman (1988) and Savvides (1992)].
2008) External Debts, Growth and Peace in the Sudan: Some Serious Challenges Facing the Country in the Post-Conflict Era.
Increasing level of external debts was not good for our country and for our future generations Mahfooz Elahi, President Islamabad Chamber of Commerce & Industry (ICCI) has said, addressing the business community at ICCI.
This study uses panel data for 29 Heavily Indebted Poor Countries (HIPCs) from 1984 to 2000 to examine the dynamic relationships between growth of external debts with other determinant variables (exchange rate, interest payment on debt, and non-interest current account balance) and control variables such as governance indicators.
Most of the public debt holdings of developing countries are external debts.
However, the level of external debt burdens as a percentage of total export revenues dropped to 199.