A debt crisis can occur if a country with a weak economy is not able to repay external debt due to the inability to produce and sell goods and make a profitable return. The International Monetary Fund (IMF) is one of the agencies that keep track of the country's external debt.
Investment dictionary. Academic. 2012.
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external debt — ➔ debt * * * external debt UK US noun [U] ► ECONOMICS, FINANCE the total amount of money that a country owes to other countries: »The country s external debt is a staggering $38bn and its takes half the annual budget to service it. → See also… … Financial and business terms
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