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The debt of developing countries usually refers to the external debt incurred by governments of developing countries. There have been several historical episodes of ...
The heavily indebted poor countries (HIPC) are a group of 39 developing countries with high levels of poverty and debt overhang.Because of these factors, the International Monetary Fund (IMF) and the World Bank have classified them as eligible for special assistance.
This is a list of countries by external debt: it is the total public and private debt owed to nonresidents repayable in internationally accepted currencies, goods or services, where the public debt is the money or credit owed by any level of government, from central to local, and the private debt the money or credit owed by private households or private corporations based on the country under ...
[10] [20] A World Bank Group report that analyzed debt levels of 100 developed and developing countries from 1980 to 2008 found that debt-to-GDP ratios above 77% for developed countries (64% for developing countries) reduced future annual economic growth by 0.017 (0.02 for developing countries) percentage points for each percentage point of ...
The World Bank’s Global Development Finance, External Debt of Developing Countries (GDF) is the sole repository for statistics on the external debt of developing countries on a loan-by-loan basis. This edition of GDF presents reported or estimated data on the total external debt of all low-and middle-income countries in both electronic and ...
This is a list of countries by government debt. Gross government debt is government financial liabilities that are debt instruments. [ 1 ] : 81 A debt instrument is a financial claim that requires payment of interest and/or principal by the debtor to the creditor in the future.
A high external debt can lead to sovereign default, especially for poor countries with limited export. [11] The growing level of unserviceable external debt in poor countries is producing a dependent relationship between debtor and creditor countries. Critics claim that this debt dependence is often used as leverage for a neocolonial relationship.
Overall, it can be said that the debt crisis of the 1980s provided the IMF with the necessary leverage to impose very similar comprehensive neoliberal reforms in over 70 developing countries, thereby entirely restructuring these economies.