Official Debt

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Official Debt

Debt owed to a government or international organization, especially debt owed by another government or international organization. A major example of a lender of official debt is the International Monetary Fund. The term is most common in international development.
References in periodicals archive ?
The troubled European economies and their sympathizers will demand more emphasis on growth, lower interest rates on their official debts and more transfers.
Now is the time for radical reductions in the rates charged by official creditors to European sovereigns, for a willingness to subordinate official debts -- not for the purpose of privileging private creditors but to offer a prospect for systemic preservation -- and for expansionary monetary policies in Europe that prevent deflation and encourage the growth that can create jobs and reduce debt burdens.
Reuters, quoting Western diplomats on the condition they not be identified, said their governments were notified that official debts needed to be renegotiated and that Cuba did not have the funds to fully meet August payments to them or their companies.
The City manager has already overseen the shock sale of skipper Graham Kavanagh to ease the crippling wage bill which has seen the club's official debts rocket to nearly pounds 30m.
Indonesian Vice President Bacharuddin Jusuf Habibie on Thursday dispelled concerns regarding a rumored rescheduling of Indonesia's official debts and appealed to Japan's ruling party to help his country regain its economic well-being.
Official debts, like taxes, can also carry severe penalties.
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