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.

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References in periodicals archive

ISLAMABAD -- Pakistan had paid $11.588 billion as external debt servicing (principal and interest payment) in last fiscal year 2018-19, which had put pressure on the country's foreign exchange reserves.

Govt paid $11.58b as external debt servicing in FY2018-19

The sharp rise in Egyptian external debt in the last few years has triggered an alarm in some quarters, according to Capital Economics Tuesday research note.

Risk of sharp rise in Egypt's external debt remains manageable: Capital Economics

Gross external debt position by sector A (Million US$) (P)

Economic Indicator Of Pakistan

The country's external debt service declined by 34.76 percent year-on-year to $1.526 billion as of end-March, data from the Bangko Sentral ng Pilipinas (BSP) show.

External debt service declines 34.7% in Q1

ISLAMABAD -- The International Monetary Fund (IMF) has said that Pakistan's external debt will peak to $130 billion within four years - a net addition of $34.6 billion or 36.3% under the government of Prime Minister Imran Khan.

Pakistan's external debt estimated at $130b by FY23

Intercompany debt (63.9%) still dominates in external debt, the external debt of the corporate sector to untied creditors is 24.8%, the public external debt (the government and the National Bank) - 7.9%, external liabilities of the banking sector - 3.4%, the National Bank explained.

Foreign debt of Kazakhstan reduces by $1.1 billion within 3 months

The country's external debt also rose compared to its year-ago level of $7.2 billion.

Global bonds push up Q1 PHL debt to $80.4B

Philippines foreign debt rises to $80.4 B !-- -- Lawrence Agcaoili (The Philippine Star) - June 17, 2019 - 12:00am MANILA, Philippines The country's external debt almost booked a double-digit increase in the first quarter of the year as the government continues to borrow more from foreign lenders, the Bangko Sentral ng Pilipinas (BSP) reported over the weekend.

Philippines foreign debt rises to $80.4 B

Nigeria's external debt commitment rose by $11.77bn in the last three years, investigation has shown.

Nigeria's external debt rises by $11.77bn in 3 yrs

According to a ranking of the external debt of 137 countries in the world by "Global Firepower", Tunisia was ranked 74th with of 30.060 billion USD of external debt.

Tunisia 74th globally with $30.1 billion in external debt (Global firepower)

ISLAMABAD -- Reporting total external debt and liabilities at $96.7 billion at end-September 2018, the government has conceded serious violations of the Fiscal Responsibility and Debt Limitation Act (FDRLA) on both fiscal and external fronts.

Govt concedes serious violation of fiscal debt law