Tuesday, 22 November 2016

Burden of debt

A debt burden is a large amount of money that one country or organization owes to another and which they find very difficult to repay. A debt burden is the amount of debt that a particular country etc. has, considered as a burden on its economy and people and a hindrance to their progress.

The debt of developing countries refers to the external debt incurred by governments of developing countries, generally in quantities beyond the ability of the governments to repay.