external debt
The Spanish term 'deuda externa' translates to 'external debt' in English. External debt refers to the total debt a country owes to foreign creditors, inclusive of the government, private sector, and foreign individuals. This debt can be a result of the country's government, businesses and individuals borrowing from foreign lenders. Typically, external debt is used for funding domestic investment to stimulate economic growth and is repaid using the country's foreign exchange earnings.
The country is struggling to pay its external debt.
This sentence refers to a situation where a country is having difficulties repaying the money it owes to foreign creditors. External debt can include money borrowed from private commercial banks, international financial institutions like the World Bank and IMF, and other countries.
Argentina's external debt is huge.
This sentence states that the amount of money that Argentina owes to external entities is very large. The external debt can influence a country's economy in many ways, including affecting its ability to borrow more money, its currency exchange rates, and the overall financial stability of the country.
Due to external debt, the economy is in crisis.
This sentence indicates that the external debt is causing economic problems. External debt impacts a country's economy because the money paid on interest and principal drains savable, investable, and spendable resources from the country.