External borrowing is treated as
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External debt is the portion of a country's debt that is borrowed from foreign lenders through commercial banks, governments, or international financial institutions. If a country cannot repay its external debt, it faces a debt crisis. If a nation fails to repay its external debt, it is said to be in sovereign default.
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External debt is the portion of a country's debt that is borrowed from foreign lenders through commercial banks, governments, or international financial institutions. If a country cannot repay its external debt, it faces a debt crisis. If a nation fails to repay its external debt, it is said to be in sovereign default.
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