External Debt – Evolution Trends

Botescu Ion ()
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Botescu Ion: “Ovidius” University of Constanta, Faculty of Economic Sciences,

Ovidius University Annals, Economic Sciences Series, 2010, vol. X, issue 2, 86-90

Abstract: The deficit of the balance of payments, the governmental expenses larger than the budget incomes, the excessive consume of the population, the needs of national economic restructuring etc represent many motives for applying for external credits. If the economically advanced countries have enough resources to sustain external debt, for developing countries the debt proves it’s self to be a true difficulty with grave perspectives of development. Besides the presentation of the evolution of external debt, in this material I have inserted a series of aspects meat to complete the problematic in this field. Aspects such as the asymmetrical repartion of risks between debtors and international creditors, the actions that debtors can resort to when having difficulties in paying external debts and the rigors with which they have to comply when applying for financial assistance from the IMF.

Keywords: external debt; the service of external debt; level of debt; World Bank; International Monetary Fund (search for similar items in EconPapers)
JEL-codes: F34 (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:10:y:2010:i:2:p:86-90

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