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.
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References in periodicals archive ?
When referring to a report from the meeting in court, Amhari told the court how among the terms agreed upon was for the Chinese State-owned Assets Supervision and Administration Commission (SASAC) to handle and address the issue of 1MDB and SRC International debts.
QUETTA: PPP and PML N have staked country's economy by taking international debts for self-interests but today the opposition members were united under one umbrella to save their corruption rather than for masses.
Talking to media during an Iftaar Dinner in Dhadhar on Monday Special Assistant to PM and Provincial Chief of PTI Sardar Yar Muhammad Rind said, the so-called champions of democracy basically gathered to distract people of Pakistan from their mega corruption added they did nothing for the country, "Flawed policy and mega corruption during PPP and PML N regimes have destroyed country's economy they deliberately pressed poor masses under international debts to fill their own pocket." Sardar Rind said vowed the country would be developed under the leadership of Imran Khan.
A total of N1.8 trillion deficit in the N9.12 trillion budget would be financed with local and international debts in addition to accruals from envisaged sales of national assets.
Peter Plot, head of UNAIDS, says canceling international debts, lowering Western trade barriers, and cutting drug prices could do more for Africa than aid from rich countries.
Companies default on international debts. Major multinationals corporations that have gorged on acquisitions now suffer from indigestion.
From July 18 to December 18, 2018, the amount of international debt has increased drastically.

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