Sentence examples for external debt servicing from inspiring English sources
Almost one-third of Ghana's budget is spent on external debt servicing.
These factors led a number of LDCs to fall behind on their external debt servicing obligations and culminated in the Mexican debt crisis of 1982, when the Mexican government declared a moratorium on servicing its interest payments.
Then, there is the impact of external debt servicing obligations on domestic budgets if governments have to resort to domestic sources at high interest rates for financing public expenditure; this can of itself push up interest rates and "crowd out" investment.
Progress has been made on the overall debt burden of developing countries, with the proportion of external debt service to export revenue falling from 12% in 2000 to 3% in 2013.
The analysis of low and lower middle income country governments showed their external debt service payments in 2016 will on average be 10.8% of government revenue, compared with 6.1% predicted three years ago.
Factor in deteriorating regional finances and external debt service, and Russia's total budget deficit could exceed 10% of GDP this year.
The Financial Times piece in February 2007, titled, "Ecuador threatens to become the first debtor with the ability to pay," disregarded that the external debt service as a percentage of Ecuador's government revenues used to be extremely high.
The proceeds replaced Greece's international debt service payments.
We find that recidivist borrowers have lower reserve holdings, larger current account deficits and capital outflows, lower but less volatile terms of trade, larger debt service and external debt ratios, lower investment rates and per-capita income, and weak governance.
Meanwhile, external debt represented 25.1% of GDP, debt servicing consumed the equivalent of 6% of goods and services, GDP per capita declined (despite net emigration rates of about 2%), and budget deficits held at about 2.5% of GDP.
