External debt
From The Art and Popular Culture Encyclopedia
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External debt (or foreign debt) is the total debt a country owes to foreign creditors, complemented by internal debt owed to domestic lenders. The debtors can be the government, corporations or citizens of that country. The debt includes money owed to private commercial banks, other governments, or international financial institutions such as the International Monetary Fund (IMF) and World Bank. Note that the use of gross liability figures greatly distorts the ratio for countries which contain major money centers such as the United Kingdom due to London's role as a financial capital. Contrast with net international investment position.
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See also
- List of countries by external debt
- Third-world debt
- Odious debt
- Public debt
- Eurodad
- Jubilee Debt Campaign
- Net international investment position
- Sovereign default
- The Accumulation of Capital
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