eco analysis part 4

II. Fiscal – Debt † There are two types of public debt : internal and external debt. † Internal debt is a part of the country´s debt that is owed to creditors who are citizens or operate in the country. Most of this money comes from government bonds that... More

II. Fiscal – Debt † There are two types of public debt : internal and external debt. † Internal debt is a part of the country´s debt that is owed to creditors who are citizens or operate in the country. Most of this money comes from government bonds that are bought by banks. † External debt is the other part of the debt that is owed to creditors outside the country. These can be governments, corporations, private banks , international financial institutions (IMF, WB, IDB, CAF) or private households. Less