The tax served to pay part of the country's external debt.

This amounts to 13 times the country's total external debt.

It is also important to bear in mind external debt and the developing countries.

The external debt alone was equivalent to 4 years of the government budget.

China's external debt has reached $119 billion this year, one of the highest levels in the world.

High external debt is believed to have harmful effects on an economy.

So does the need to manage what is now a roughly $50 billion external debt.

In the early 1970s, the Philippines was already facing the problem of external debt.

External debt servicing would cost Sh73,600 million during the year.

The external debt of the developing countries poses a major challenge.

The economy is in a shambles, with external debt at over $10 billion.

Our resolution states that 38 % of development cooperation is used to pay the external debt.

The nation has less than $1.5 billion external debt and is recovering by the assistance of the world community.

The income from it was equivalent to twice the value of its external debt.

"You have a trade deficit and a huge external debt.

External debt - borrowing money from the public - has real economic consequences.

Most economic indicators remained positive in this period, except for the external debt.

Hungary may have significant foreign reserves, but it's still not enough to cover external debt.

The remaining 32 countries have completed the program and had their external debt cancelled in full.

Like any other debtors, we and the developing world must service our external debt.

External debt reached the level of $25 billion dollars.

Some of the figures are reported to be only estimates because in the early 1980s external debt was declared a state secret.

Despite this major problem, banks must endeavour to monitor the external debt position of countries.

It has no external debt to speak of, plus more than $440bn in hard currency reserves.

The study was dedicated to the country's external debt.