11.   The war devastated the economy and saddled the country with a huge foreign debt.

12.   Moreover, China would be entering the peak repayment period for foreign debts.

13.   By January, virtually all foreign securities had been sold, but India still came extremely close to technical default on interest payments on its foreign debt.

14.   It was expected that an economic upturn would lead to attempts to repay foreign debts and thus gain Libya access to fresh lines of international credit.

15.   The meeting was intended to specify the mechanism by which foreign debt would be repaid by the republics, following the memorandum signed in October.

16.   The document noted that foreign debt was a threat to social peace and the stability of democratic systems in Latin America, restricting as it did social services budgets.

17.   While in office he was most noted for his ambitious programme of public works financed by foreign debt.

18.   Servicing of the foreign debt accounted for most of the increase in spending.

19.   He adds for good measure that the public-sector deficit would be wiped out if the country stopped paying its foreign debts.