Meaning of the word "foreign debt" in English

What does "foreign debt" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

foreign debt

US /ˈfɔːr.ɪn det/
UK /ˈfɔːr.ɪn det/
"foreign debt" picture

Noun

1.

the total amount of money that a country's government owes to other countries or to international organizations

Example:
The country is struggling to repay its massive foreign debt.
Reducing foreign debt is a key goal for the new government.
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