Definition: This entry gives the total public and private debt owed to nonresidents repayable in foreign currency, goods, or services. These figures are calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms.
Source: CIA World Factbook - Unless otherwise noted, information in this page is accurate as of January 1, 2012See also: Debt - external map
External debt, liabilities decline significantly
Business Recorder - 5/16/2013 10:59:20 PM
Pakistan's total external debt and liabilities (stocks) shrunk by seven percent or over $4 billion during the first nine months of the current fiscal year, mainly because of repayment of loans to international financial institutions. The country ...
Erdogan’s IMF Triumph Masks Surge in Private Debt: Turkey Credit
Bloomberg - 5/14/2013 6:55:20 AM
Maxim Oreshkin, chief economist for Russia and Turkey at ... “In the decades before the crisis its customers were Turkey, Indonesia, Mexico, Brazil. Now it’s most of Europe - eastern and western. Turkey paying off its debt and becoming ...
Growing debt, good for the country – DMO
Punch - 5/12/2013 10:42:36 PM
Despite warnings by economists against the country’s increasing debt profile, the Debt Management Office has said the continued rise in both domestic and external debts is a good thing for Nigeria. The DMO argued that the government’s future income ...
Turkey pays off debt to IMF as private borrowings surge
Today's Zaman - 5/15/2013 6:54:09 AM
Yet, in some circles, the elimination of IMF debt was promoted as the country resetting all of its external debts, a common mistake. A look at the country's private borrowing figures will be illuminating. As major economies pumped out more stimulus cash to ...
Rising debt and falling aid force poor countries to cut spending on health and farmers
Benzinga - 5/17/2013 7:41:53 AM
Only 3 per cent are meeting the Abuja target to allocate 15 per cent of spending to health. The International Labor Organization estimates that governments need to spend at least 2.9 per cent of GDP on social protection to provide even basic safety nets.
Cost of servicing domestic debt too high – DMO
Punch - 5/17/2013 12:18:04 AM
the Debt Management Office has said. The Director-General, DMO, Dr. Abraham Nwankwo, said this on Thursday at a press conference to unfold the details of the nation’s Middle Term Debt Management Strategy, which was approved by the Federal Executive ...
Developing World to Dominate Global Investment by 2030
ipsnews.net - 5/17/2013 12:39:33 AM
... across the developing world are allowing for illicit outflows of capital that are at times far greater than the countries’ external debt, inexorably impacting on those countries’ ability to finance their public sector. One report last year ...
Harper says household debt not his biggest worry
Yahoo! News - 5/16/2013 7:17:26 PM
Harper said tighter rules to curb the mortgage lending and cool the housing market have had a "noticeable impact." Bank of Canada Governor Mark Carney and Finance Minister Jim Flaherty have repeatedly warned consumers about the dangers of excessive borrowing.
REFILE-Canada's Harper says household debt not his biggest worry
Reuters - 5/16/2013 7:17:26 PM
Harper followed by citing the growth of household credit in Canada. "The assets behind it I think still speak to the fact that it's well supported," he said. "Financial institutions ... are the most solid in the world, but household debt has risen."
Poor countries endanger development by spending less than promised
The Guardian - 5/15/2013 10:39:03 PM
The Africa Progress Panel and others have expressed concern at how countries such as Angola and Equatorial Guinea have enjoyed high growth thanks to natural ... 75%-80% of the world's population does not have access to "comprehensive social ...
A global ‘new deal’, to get back growth?
Today Online - 5/16/2013 8:21:51 PM
For such a deal to become possible, certain preconditions must be met. First, international policy coordination by the G-20 must be tightened by creating a permanent secretariat to make policy proposals and recommendations concerning macroeconomic and ...
Global Government Debt Is Already 80% Of Global GDP
ETF Daily News - 5/17/2013 6:11:49 PM
Gold Silver Worlds: In his latest commentary, Michael Pento writes ”there is a reason why the Fed and other central banks have been unable to achieve a healthy and viable economy even after five years of trying to manufacture one from a ...
Report Forecasts $53 Trillion Global Corporate Debt Funding Need Over The Next Five Years
MSN Money - 5/15/2013 1:06:23 PM
NEW YORK, May 15, 2013 /PRNewswire/ -- Standard & Poor's Ratings Services is forecasting that China's outstanding nonfinancial corporate debt will catch up and ... bolstered by a strengthening U.S. economic recovery, as evidenced by improving ...
World’s Companies Could Borrow $53 Trillion by 2017: S&P
Wall Street Journal - 5/14/2013 9:28:39 PM
The ratings service also said that Chinese corporations could borrow more than U.S.-based companies by 2014, as the country grows on the back of debt-fueled investment in manufacturing, real estate and infrastructure. S&P estimated that China ...
Agency allays fears over Nigeria’s rising debt profile
en.starafrica.com - 5/13/2013 2:34:39 PM
to warn that it was not in the nation’s best interest. In December 2012 at the Honorary International Investment Council Conference in London, Sanusi argued that if the existing level of borrowings from big nations continued, the huge debt pro ...