foreign debt
"Foreign debt" involves borrowing from international lenders and plays a significant role in a country's economic policies and financial health.
🇺🇸 US Voice:
🇬🇧 UK Voice:
Definition
C1Economics
(technical, academic)The total amount of money a country owes to lenders outside its borders.
Example
- The nation's foreign debt has increased significantly over the past decade.
- Managing foreign debt is crucial for maintaining economic stability.
B2Finance
(technical)Money borrowed by a government, organization, or individual from foreign lenders, including international financial institutions.
Example
- Foreign debt can include loans from the World Bank or the International Monetary Fund.
- Companies often need to manage foreign debt to ensure financial health.