The World’s Most Indebted Countries: Where Does Your Country Rank?

The World’s Most Indebted Countries: Where Does Your Country Rank? @CityGlobeTour External debt refers to the total amount of money that a country owes to foreign entities or individuals. It is the cumulative sum of a country’s outstanding financial obligations to non-residents, which can include government borrowings, corporate debt, and loans taken by individuals from foreign sources. Governments often borrow money from other countries or international financial institutions to finance various projects, stimulate economic growth, or cover budget deficits. These loans are typically denominated in foreign currencies, such as the US dollar or euro, and come with repayment terms and interest rates. External debt can be categorized into two main types: public external debt and private external debt. Public external debt refers to the amount owed by the government and public entities of a country, including loans taken by the government, central bank, or state-owne