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 ?
File- Central Bank of Egypt CAIRO -- 7 February 2018: Egypt's foreign debts reached $80 billion at the end of September 2017, up from the $79 billion recorded at the end of fiscal year 2016/2017, the Central Bank of Egypt (CBE) said Wednesday.
ISLAMABAD -- A spokesman of the President House Thursday contradicted a news item appeared in daily Express saying that President Mamnoon Hussain, in his Wednesday's address in Bannu, said nothing about the foreign debts taken by the current government as mentioned in the news story.
Islamabad -- The Senate standing committee on finance has sought detail of national and foreign debts taken during the last three years from Ministry of Finance.
5bn decrease in Egypt's foreign debts by the end of the third quarter (Q3) of fiscal year (FY) 2014/2015, according to the Central Bank of Egypt (CBE).
While noting the international support given the Philippines in the aftermath of Supertyphoon "Yolanda," Lumina pointed out that the country needed about $22 million a day to service its foreign debts.
It marked the lowest level since the fourth quarter of 2006 when short-term foreign debts hit $113.
Summary: TEHRAN (FNA)- Iran's foreign debts in the month of Khordad (May 21-June 20) declined by $2.
It becomes impossible for the country to service its foreign debts or pay interest on foreign debts without taking more debts.
The gross foreign debt should not be confused with the public debt because it consists of all foreign debts of the state, the firms and other institutions, while the public debt refers only to the debts of the state, its institutions and the state-owned companies both at home and abroad.
1- Turkish Central Bank will announce Short Term Foreign Debts and International Investment Position pertaining to April 2011.
Indonesia has succeeded in averting the impact of the global financial crisis partly thanks to secured structure of foreign debts.
January 4, 2011 (PARIS) -- Sudan foreign minister Ali Karti on Tuesday held talks in Paris with his French counterpart that focused on the issue of the International Criminal Court (ICC) and efforts to waive Sudan's foreign debts.

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