1945

International finance and debt

Two related issues of international finance are currently key global policy concerns. The first is foreign indebtedness. The developing countries that are in protracted debt crisis have necessarily been a major focus of world attention, and certain centrally planned economies also have had major debt crises. The country with the largest absolute amount of foreign debt, however, is the United States. Although, of course, it is not a country with debt-servicing difficulties, concern has been raised about the sustainability of the growth of its net foreign debt or position.

Related Subject(s): Economic and Social Development
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