Table of Contents
Cambridge Definition
money that the government and organizations in one countryhave borrowed from organizations and governments in other countries
Cambridge Link
FOREIGN DEBT – Cambridge English Dictionary
Wikipedia Definition
Not to be confused with government debt (or public debt), the total amount of debt owed to lenders by a government or state. A country's gross external debt (or foreign debt) is the liabilities that are owed to nonresidents by residents.[1]: 5 The debtors can be governments, corporations or citizens.[1]: 41–43 External debt may be denominated in domestic or foreign currency.[1]: 71–72 It includes amounts owed to private commercial banks, foreign governments, or international financial institutions such as the International Monetary Fund (IMF) and the World Bank.