external debt

External debt (or foreign debt) is that part of the total debt in a country that is owed to creditors outside the country. The debtors can be the government, corporations or private households. The debt includes money owed to private commercial banks, other governments, or international financial institutions such as the IMF and World Bank.
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The gross amount, at any given time, of disbursed and outstanding contractual liabilities of residents of a country for the repayment of principal (with or without interest) or the payment of interest (with or without principal) to non-residents.