A foreign debt crisis is a situation in which a country cannot service its foreign debt obligations.

Name: A foreign debt crisis is a situation in which a country cannot service its foreign debt obligations.
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A foreign debt crisis occurs when a country is unable to pay off the interest and principal of its foreign loans, which can lead to default on its obligations, economic instability, and further reduction of access to foreign credit.

A Foreign Debt Crisis Is a Situation in Which a Country