Foreign debt

Foreign debt,

Definition of Foreign debt:

  1. Amount a country owes to other countries, either directly as result of government-to-government loans or indirectly because of a negative balance of trade.

  2. Foreign debt, also known as external debt, has been rising steadily in recent decades, with unwelcome side-effects in some borrowing countries. These include slower economic growth, particularly in low-income countries, as well as crippling debt crises, financial market turmoil, and even secondary effects such as a rise in human-rights abuses.

  3. Foreign debt is money borrowed by a government, corporation or private household from another country's government or private lenders. Foreign debt also includes obligations to international organizations such as the World Bank, Asian Development Bank (ADB), and the International Monetary Fund (IMF). Total foreign debt can be a combination of short-term and long-term liabilities.

How to use Foreign debt in a sentence?

  1. Foreign debt has been rising steadily in recent decades, with unwelcome side-effects in some borrowing countries, especially developing economies.
  2. Foreign debt is money borrowed by a government, corporation or private household from another country's government or private lenders.

Meaning of Foreign debt & Foreign debt Definition