Paying off foreign debt
- Servicing foreign debt
- Honouring international debt payments
Description
Paying off foreign debt involves systematically allocating national financial resources to meet external debt obligations, thereby reducing a country’s outstanding liabilities to foreign creditors. This strategy aims to restore fiscal stability, improve creditworthiness, and regain economic sovereignty. Essential actions include prioritizing debt repayments, negotiating manageable terms, increasing export revenues, and implementing fiscal discipline. By addressing the burden of foreign debt, countries can alleviate economic pressures, attract investment, and foster sustainable development.
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Problem
Value
SDG
Metadata
Database
Global strategies
Type
(D) Detailed strategies
Subject
- Society » Foreign
- Amenities » Maintenance
- Commerce » Currency
- Commerce » Credit
Content quality
Yet to rate
Language
English
1A4N
V1317
DOCID
13213170
D7NID
203396
Editing link
Official link
Last update
Dec 3, 2024