Explanation of terms used: Term Meaning Sovereign debt (also called government debt, national debt, or public debt) The amount of money a nation's government has borrowed from creditors which can be domestic or external Domestic debt All debt owed to domestic creditors, often issued in local currency or under local law External debt All debt owed to foreign creditors (= non-resident, both public and private, including commercial banks, governments, or international financia

Explanation of terms used: Term Meaning Sovereign debt(also called government debt, national debt, or public debt) The amount of money a nation's government has borrowed from creditors which can be domestic or external Domestic debt All debt owed to domestic creditors, often issued in local currency or under local law External debt All debt owed to foreign creditors (= non-resident, both public and private, including commercial banks, governments, or international financial

Explanation of terms used: Term Meaning Sovereign debt(also called government debt, national debt, or public debt) The amount of money a nation's government has borrowed from creditors which can be domestic or external Domestic debt All debt owed to domestic creditors, often issued in local currency or under local law External debt All debt owed to foreign creditors (= non-resident, both public and private, including commercial banks, governments, or international financial