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 ?
ICCI President said that external debt was a heavy burden on the country and in 2009, the country owed $50 billion and the government consumed a third of its budget revenues to honour only interest payments of the country, where 60% of people live below the poverty line.
Medium- and long-term external debt at end-2010 stood at EUR 72,019 million (79.
According to an economist, the rise in value of Rupee against Euro will help Pakistan's external debt position because a sizeable portion of the country's external debt is denominated in Euro.
In parallel, Lebanon's external debt posted returns of 0.
ANKARA, Apr 1, 2011 (TUR) -- The Turkish Treasury announced on Thursday that Turkey's gross external debt stock was 290.
INDIA'S total external debt went up by $ 18 billion to $ 242.
The net foreign debt is equal to gross external debt less the BNB reserve assets, commercial banksa assets abroad and non-financial sector deposits abroad.
At the beginning of 2014 the total external debt of Ukraine had amounted US$73.
Global Banking News-October 5, 2015--Georgia reports increase in external debt
Prime Minister of Kyrgyzstan Joomart Otorbayev said that external debt of Kyrgyzstan is approaching a critical point of 60% of GDP, according to the plenary session of the Parliament today.
Most of the recent increase in Turkey's external debt has been driven by bank borrowing, Fitch Ratings says.
DUE[currency]ANBE (CyHAN)- Tajikistan's external debt amounted to $ 2.