When a developing world country carries "public debt," to whom is that money owed?
A) its own citizens
B) transnational corporations who are not directly involved in banking
C) private banks outside that developing world country
D) private banks inside that developing world country
E) foreign governments

Question

Quizplus · Accepted Answer

When a developing world country carries "public debt," that money is owed to foreign governments, usually in the form of loans or bonds issued by international organizations such as the World Bank or the International Monetary Fund. These loans often come with conditions that require the country to implement certain economic policies in exchange for the funds.

When a Developing World Country Carries "Public Debt," to Whom