THIRD WORLD DEBT
Third World debt: translation
the huge sums of money owed by ELDCs to EMDCs, banks and institutions such as the IMF. Often debts become so huge that the country may struggle even to pay the interest.
- third world debt—Third World debt translation Third World debtstrong Third World debt debt Third World debt UKu USu nounu [Uu] ECONOMICSu money that is owed to rich countries by th...Financial and business terms